StockNews.com Initiates Coverage on SIFCO Industries (NYSE:SIF)

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

SIFCO Industries Stock Up 0.8 %

NYSE:SIF opened at $3.60 on Friday. SIFCO Industries has a 12 month low of $2.87 and a 12 month high of $5.96. The firm has a fifty day simple moving average of $4.31 and a 200-day simple moving average of $3.71. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12.

SIFCO Industries (NYSE:SIF) last posted its earnings results on Monday, August 12th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $29.26 million during the quarter. SIFCO Industries had a negative net margin of 7.92% and a negative return on equity of 25.72%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC boosted its holdings in shares of SIFCO Industries, Inc. (NYSE:SIF) by 12.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the period. SIFCO Industries comprises approximately 1.1% of Minerva Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. Minerva Advisors LLC owned approximately 6.86% of SIFCO Industries worth $1,971,000 as of its most recent SEC filing. 24.20% of the stock is 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.