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

StockNews.com began coverage on shares of SIFCO Industries (NYSE:SIF) in a report issued on Saturday morning. The brokerage issued a buy rating on the stock.

SIFCO Industries Stock Performance

Shares of SIF opened at $3.16 on Friday. SIFCO Industries has a 52-week low of $2.90 and a 52-week high of $5.96. The business’s 50 day moving average price is $3.59 and its two-hundred day moving average price is $3.93. The firm has a market cap of $19.42 million, a PE ratio of -4.45 and a beta of 1.20.

Hedge Funds Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC lifted its position in shares of SIFCO Industries, Inc. (NYSE:SIF) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 466,751 shares of the company’s stock after purchasing an additional 42,862 shares during the quarter. SIFCO Industries accounts for 1.0% of Minerva Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Minerva Advisors LLC owned 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 hedge funds and other 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.