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

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

SIFCO Industries Trading Up 2.8 %

NYSE:SIF opened at $3.65 on Friday. The firm has a market capitalization of $22.56 million, a P/E ratio of -2.70 and a beta of 1.22. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $3.73 and a 200 day moving average of $3.82. SIFCO Industries has a 52 week low of $2.87 and a 52 week high of $5.96.

Institutional Trading of SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC boosted its position in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the quarter. SIFCO Industries comprises approximately 1.1% of Minerva Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent quarter. 24.20% of the stock is currently owned by institutional investors.

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.