StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF – Free Report) in a research report report published on Saturday. The brokerage issued a buy rating on the stock.
SIFCO Industries Price Performance
SIFCO Industries stock opened at $3.72 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.99. The firm has a market cap of $22.99 million, a P/E ratio of -2.76 and a beta of 1.22. SIFCO Industries has a 52 week low of $2.87 and a 52 week high of $5.96. The business’s fifty day moving average is $3.72 and its two-hundred day moving average is $3.82.
Institutional Trading of SIFCO Industries
An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC increased its position in shares of SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 12.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 423,889 shares of the company’s stock after acquiring an additional 45,281 shares during the period. SIFCO Industries comprises about 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 at the end of the most recent reporting period. Institutional investors and hedge funds 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.
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