SIFCO Industries (NYSE:SIF) Earns Buy Rating from Analysts at StockNews.com

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

SIFCO Industries Stock Performance

Shares of NYSE SIF opened at $3.05 on Friday. The firm’s 50 day moving average price is $3.55 and its 200-day moving average price is $3.92. SIFCO Industries has a 52-week low of $2.90 and a 52-week high of $5.96. The company has a market cap of $18.75 million, a PE ratio of -4.30 and a beta of 1.20.

Institutional Trading of SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Renaissance Technologies LLC increased its holdings in shares of SIFCO Industries, Inc. (NYSE:SIF) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,734 shares of the company’s stock after purchasing an additional 7,900 shares during the quarter. Renaissance Technologies LLC owned 0.85% of SIFCO Industries worth $187,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.