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

StockNews.com began coverage on shares of SIFCO Industries (NYSE:SIF) in a research note published on Monday morning. The firm issued a buy rating on the stock.

SIFCO Industries Stock Performance

SIF stock opened at $3.54 on Monday. The stock’s fifty day moving average is $4.23 and its two-hundred day moving average is $3.72. The stock has a market capitalization of $21.88 million, a price-to-earnings ratio of -2.66 and a beta of 1.23. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.99. SIFCO Industries has a 1 year low of $2.87 and a 1 year high of $5.96.

Institutional Investors Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC increased its stake in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 423,889 shares of the company’s stock after acquiring an additional 45,281 shares during the period. SIFCO Industries makes up approximately 1.1% of Minerva Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Minerva Advisors LLC owned approximately 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.