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

Analysts at StockNews.com began 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 Stock Performance

NYSE SIF opened at $3.60 on Thursday. SIFCO Industries has a one year low of $2.90 and a one year high of $5.96. The company has a market capitalization of $22.19 million, a price-to-earnings ratio of -4.00 and a beta of 1.20. The company’s 50-day simple moving average is $3.68 and its two-hundred day simple moving average is $3.92.

Institutional Trading of SIFCO Industries

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

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.