SIFCO Industries (NYSE:SIF) Earns Buy Rating from Analysts at StockNews.com

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

SIFCO Industries Trading Down 1.7 %

Shares of NYSE:SIF opened at $3.54 on Monday. The stock has a market capitalization of $21.88 million, a price-to-earnings ratio of -2.66 and a beta of 1.23. SIFCO Industries has a 1-year low of $2.87 and a 1-year high of $5.96. The company has a 50 day moving average price of $4.23 and a 200 day moving average price of $3.72. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.99.

Hedge Funds Weigh In On SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC lifted its position in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 423,889 shares of the company’s stock after acquiring an additional 45,281 shares during the period. SIFCO Industries comprises approximately 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd largest position. Minerva Advisors LLC owned approximately 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.

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.