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

Stock analysts at StockNews.com initiated coverage on shares of SIFCO Industries (NYSE:SIF) in a research note issued on Thursday. The firm set a “buy” rating on the stock.

SIFCO Industries Price Performance

SIF stock opened at $3.73 on Thursday. SIFCO Industries has a fifty-two week low of $2.90 and a fifty-two week high of $5.96. The business has a 50-day moving average of $3.68 and a 200-day moving average of $3.92. The stock has a market capitalization of $22.98 million, a P/E ratio of -4.14 and a beta of 1.20.

Institutional Trading of SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC grew its stake in shares of SIFCO Industries, Inc. (NYSE:SIF) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 466,751 shares of the company’s stock after acquiring an additional 42,862 shares during the period. SIFCO Industries accounts for 1.0% of Minerva Advisors LLC’s holdings, making the stock its 24th largest position. Minerva Advisors LLC owned about 7.56% of SIFCO Industries worth $1,754,000 as of its most recent filing with the Securities & Exchange Commission. 24.20% of the stock is owned by institutional investors.

SIFCO Industries Company Profile

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.