StockNews.com Begins Coverage on SIFCO Industries (NYSE:SIF)

StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF) in a research note issued to investors on Wednesday. The firm issued a buy rating on the stock.

SIFCO Industries Trading Down 0.1 %

Shares of NYSE SIF opened at $3.76 on Wednesday. SIFCO Industries has a 12-month low of $2.90 and a 12-month high of $5.96. The company has a market cap of $23.17 million, a PE ratio of -4.17 and a beta of 1.19. The stock has a 50 day simple moving average of $3.69 and a 200-day simple moving average of $3.90.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC raised its stake in shares of SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 423,889 shares of the company’s stock after buying an additional 45,281 shares during the period. SIFCO Industries makes up 1.1% of Minerva Advisors LLC’s portfolio, making the stock its 22nd biggest position. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 as of its most recent filing with the Securities and Exchange Commission. 24.20% of the stock is currently owned by institutional investors and hedge funds.

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.