StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF – Free Report) in a research report sent to investors on Sunday morning. The brokerage issued a buy rating on the stock.
SIFCO Industries Price Performance
Shares of NYSE:SIF opened at $3.67 on Friday. The firm has a market cap of $22.64 million, a PE ratio of -2.72 and a beta of 1.19. SIFCO Industries has a 52 week low of $2.87 and a 52 week high of $5.96. The firm’s fifty day moving average is $3.68 and its 200-day moving average is $3.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.99.
Institutional Trading of SIFCO Industries
An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC lifted its position in shares of SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 12.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 423,889 shares of the company’s stock after buying an additional 45,281 shares during the quarter. SIFCO Industries comprises about 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd largest position. Minerva Advisors LLC owned 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent reporting period. 24.20% of the stock is owned by hedge funds and other 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.
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