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

StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF) in a research report issued on Sunday. The firm set a “buy” rating on the stock.

SIFCO Industries Stock Down 0.3 %

Shares of NYSE:SIF opened at $3.66 on Friday. The company has a market capitalization of $22.58 million, a price-to-earnings ratio of -2.71 and a beta of 1.19. SIFCO Industries has a 12-month low of $2.87 and a 12-month high of $5.96. The business has a 50-day moving average price of $3.68 and a 200 day moving average price of $3.84. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC lifted its position in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the 3rd quarter, according to its most recent 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 quarter. SIFCO Industries makes up 1.1% of Minerva Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Minerva Advisors LLC owned approximately 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent quarter. 24.20% of the stock is currently owned by institutional investors.

SIFCO Industries Company Profile

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.