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 report issued on Saturday. The firm issued a buy rating on the stock.

SIFCO Industries Price Performance

Shares of SIFCO Industries stock opened at $2.34 on Friday. The company has a 50 day simple moving average of $2.88 and a two-hundred day simple moving average of $3.46. SIFCO Industries has a 1 year low of $2.33 and a 1 year high of $5.96. The firm has a market cap of $14.38 million, a PE ratio of -3.30 and a beta of 0.98.

Institutional Investors Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Renaissance Technologies LLC increased its stake in SIFCO Industries, Inc. (NYSE:SIF) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,734 shares of the company’s stock after purchasing an additional 7,900 shares during the quarter. Renaissance Technologies LLC owned approximately 0.85% of SIFCO Industries worth $187,000 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.