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

StockNews.com began coverage on shares of SIFCO Industries (NYSE:SIF) in a research report sent to investors on Thursday. The brokerage issued a buy rating on the stock.

SIFCO Industries Trading Down 0.6 %

NYSE:SIF opened at $3.88 on Thursday. SIFCO Industries has a 12 month low of $2.87 and a 12 month high of $5.96. The stock has a market cap of $23.95 million, a price-to-earnings ratio of -2.87 and a beta of 1.22. The company has a 50-day moving average price of $3.90 and a 200-day moving average price of $3.80. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC grew its holdings in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 about 1.1% of Minerva Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent quarter. 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.