SIFCO Industries (NYSE:SIF) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of SIFCO Industries (NYSE:SIF) in a research report report published on Saturday morning. The brokerage issued a buy rating on the stock.

SIFCO Industries Trading Down 0.0 %

SIFCO Industries stock opened at $3.29 on Friday. The business’s fifty day simple moving average is $3.60 and its two-hundred day simple moving average is $3.93. SIFCO Industries has a 12 month low of $2.90 and a 12 month high of $5.96. The company has a market capitalization of $20.23 million, a price-to-earnings ratio of -4.63 and a beta of 1.20.

Institutional Investors Weigh In On SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC lifted its holdings in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the quarter. SIFCO Industries accounts for about 1.1% of Minerva Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Minerva Advisors LLC owned 6.86% of SIFCO Industries worth $1,971,000 as of its most recent SEC filing. Institutional investors and hedge funds own 24.20% of the company’s stock.

About SIFCO Industries

SIFCO Industries, Inc, together with its subsidiaries, produces and sells forgings and machined components primarily for the aerospace and energy markets in North America and Europe. The company’s processes and services include forging, heat-treating, chemical processing, and machining. It also offers original equipment manufacturer and aftermarket components for aircraft and industrial gas turbine engines; steam turbine blades; structural airframe components; aircraft landing gear components; aircraft wheels and brakes; rotating components for helicopters; and commercial/industrial products.