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

Equities research analysts at StockNews.com initiated coverage on shares of SIFCO Industries (NYSE:SIF) in a research report issued to clients and investors on Saturday. The brokerage set a “buy” rating on the stock.

SIFCO Industries Trading Up 2.8 %

Shares of SIF opened at $3.65 on Friday. The company’s fifty day simple moving average is $3.73 and its 200-day simple moving average is $3.82. The company has a market cap of $22.56 million, a P/E ratio of -2.70 and a beta of 1.22. 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 has a twelve month low of $2.87 and a twelve month high of $5.96.

Institutional Inflows and Outflows

A hedge fund recently raised its stake 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 the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 423,889 shares of the company’s stock after acquiring an additional 45,281 shares during the quarter. SIFCO Industries accounts for 1.1% of Minerva Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 as of its most recent SEC filing. Hedge funds and other 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.