StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF – Free Report) in a report published on Tuesday. The brokerage issued a buy rating on the stock.
SIFCO Industries Stock Performance
NYSE:SIF opened at $3.75 on Tuesday. The firm’s fifty day simple moving average is $4.04 and its 200 day simple moving average is $3.76. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12. SIFCO Industries has a twelve month low of $2.87 and a twelve month high of $5.96. The firm has a market capitalization of $23.18 million, a price-to-earnings ratio of -2.78 and a beta of 1.23.
Hedge Funds Weigh In On SIFCO Industries
A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC raised its holdings in SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 12.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the period. SIFCO Industries comprises approximately 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd largest holding. 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 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.
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