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

StockNews.com initiated coverage on shares of SIFCO Industries (NYSE:SIF) in a research note published on Friday. The brokerage issued a buy rating on the stock.

SIFCO Industries Trading Up 9.3 %

Shares of SIF stock opened at $4.00 on Friday. The stock has a market capitalization of $24.72 million, a P/E ratio of -2.96 and a beta of 1.22. 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 firm’s 50 day moving average is $3.84 and its 200 day moving average is $3.82. SIFCO Industries has a 12-month low of $2.87 and a 12-month high of $5.96.

Institutional Investors Weigh In On SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC lifted its stake in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the period. SIFCO Industries accounts for approximately 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd largest position. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 as of its most recent SEC filing. 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.