StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF – Free Report) in a research note released on Monday. The firm issued a buy rating on the stock.
SIFCO Industries Stock Performance
Shares of SIF stock opened at $3.56 on Monday. The business’s fifty day simple moving average is $3.68 and its 200-day simple moving average is $3.87. The company has a market cap of $21.97 million, a PE ratio of -2.64 and a beta of 1.19. 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 12-month low of $2.87 and a 12-month high of $5.96.
Hedge Funds Weigh In On SIFCO Industries
An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC lifted its position in shares of SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 12.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 423,889 shares of the company’s stock after acquiring an additional 45,281 shares during the quarter. SIFCO Industries accounts for approximately 1.1% of Minerva Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Minerva Advisors LLC owned approximately 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent quarter. Hedge funds and other 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.
Featured Stories
- Five stocks we like better than SIFCO Industries
- Insider Trades May Not Tell You What You Think
- 4 Social Media Stocks Set to Gain as TikTok Ban Looms
- How to Plot Fibonacci Price Inflection Levels
- How Do Stock Buybacks Affect Shareholders?
- How to Calculate Inflation Rate
- JPMorgan Chase & Co. Stock Can Hit $300 This Year
Receive News & Ratings for SIFCO Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SIFCO Industries and related companies with MarketBeat.com's FREE daily email newsletter.
