SIFCO Industries (NYSE:SIF) Earns Buy Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of SIFCO Industries (NYSE:SIF) in a report released on Wednesday. The brokerage set a “buy” rating on the stock.

SIFCO Industries Stock Performance

SIF opened at $3.76 on Wednesday. The firm’s fifty day moving average is $3.69 and its 200 day moving average is $3.90. SIFCO Industries has a fifty-two week low of $2.90 and a fifty-two week high of $5.96. The stock has a market cap of $23.17 million, a price-to-earnings ratio of -4.17 and a beta of 1.19.

Hedge Funds Weigh In On SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC boosted its position in shares of SIFCO Industries, Inc. (NYSE:SIF) by 12.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 423,889 shares of the company’s stock after buying an additional 45,281 shares during the period. SIFCO Industries makes up about 1.1% of Minerva Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent reporting period. Institutional investors own 24.20% of the company’s stock.

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.