SIFCO Industries (NYSE:SIF) Research Coverage Started at StockNews.com

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

SIFCO Industries Stock Performance

Shares of SIF opened at $2.59 on Friday. SIFCO Industries has a one year low of $2.45 and a one year high of $5.96. The stock has a market cap of $15.92 million, a P/E ratio of -3.65 and a beta of 0.98. The stock has a 50-day moving average of $3.04 and a two-hundred day moving average of $3.55.

Institutional Trading of SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC boosted its position in shares of SIFCO Industries, Inc. (NYSE:SIF) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 466,751 shares of the company’s stock after buying an additional 42,862 shares during the quarter. SIFCO Industries makes up 1.0% of Minerva Advisors LLC’s holdings, making the stock its 24th biggest position. Minerva Advisors LLC owned about 7.56% of SIFCO Industries worth $1,754,000 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.