StockNews.com began coverage on shares of SIFCO Industries (NYSE:SIF – Free Report) in a research report released on Friday morning. The firm issued a buy rating on the stock.
SIFCO Industries Price Performance
Shares of NYSE SIF opened at $4.00 on Friday. The business has a fifty day moving average price of $3.84 and a two-hundred day moving average price of $3.82. SIFCO Industries has a fifty-two week low of $2.87 and a fifty-two week high of $5.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.75. The stock has a market capitalization of $24.72 million, a PE ratio of -2.96 and a beta of 1.22.
Institutional Investors Weigh In On SIFCO Industries
An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC raised its position in SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 12.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 423,889 shares of the company’s stock after acquiring an additional 45,281 shares during the period. SIFCO Industries makes up about 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd largest position. Minerva Advisors LLC owned 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent reporting period. 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.
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