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

StockNews.com began coverage on shares of SIFCO Industries (NYSE:SIF) in a research note issued to investors on Wednesday. The brokerage issued a buy rating on the stock.

SIFCO Industries Stock Up 3.3 %

Shares of NYSE:SIF opened at $3.10 on Wednesday. The firm has a market cap of $19.10 million, a P/E ratio of -1.93 and a beta of 1.13. SIFCO Industries has a 52-week low of $2.28 and a 52-week high of $4.95. The business’s 50 day simple moving average is $3.11 and its two-hundred day simple moving average is $3.62. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.99.

SIFCO Industries (NYSE:SIF) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.57) earnings per share (EPS) for the quarter. The business had revenue of $21.05 million during the quarter. SIFCO Industries had a negative net margin of 10.98% and a negative return on equity of 24.45%.

Institutional Trading of SIFCO Industries

An institutional investor recently bought a new position in SIFCO Industries stock. Investment Partners LTD. purchased a new position in shares of SIFCO Industries, Inc. (NYSE:SIF) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,541 shares of the company’s stock, valued at approximately $211,000. Investment Partners LTD. owned approximately 0.94% of SIFCO Industries at the end of the most recent quarter. 24.20% of the stock is owned by institutional investors and hedge funds.

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.