SIFCO Industries (NYSE:SIF) Now Covered by Analysts at StockNews.com

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

SIFCO Industries Price Performance

Shares of NYSE SIF opened at $3.90 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $24.10 million, a price-to-earnings ratio of -2.89 and a beta of 1.23. SIFCO Industries has a twelve month low of $2.87 and a twelve month high of $5.96. The business has a 50 day simple moving average of $4.11 and a 200-day simple moving average of $3.75.

Institutional Inflows and Outflows

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

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.