Equities researchers at StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF – Get Free Report) in a note issued to investors on Sunday. The brokerage set a “buy” rating on the stock.
SIFCO Industries Stock Performance
SIF opened at $3.66 on Friday. SIFCO Industries has a twelve month low of $2.87 and a twelve month high of $5.96. The firm has a market capitalization of $22.58 million, a PE ratio of -2.71 and a beta of 1.19. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $3.68 and its 200 day moving average price is $3.84.
Hedge Funds 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% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the quarter. SIFCO Industries comprises 1.1% of Minerva Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Minerva Advisors LLC owned 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent quarter. 24.20% of the stock is 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.
Recommended Stories
- Five stocks we like better than SIFCO Industries
- Stock Splits, Do They Really Impact Investors?
- Build-Your-Bowl Battle: CAVA, Chipotle, and Sweetgreen Face Off
- What is the Shanghai Stock Exchange Composite Index?
- Insiders Are Loading Up: 3 Key Stock Picks for Investors
- The Basics of Support and Resistance
- How Cigna Remains at the Top of the Health Insurance Food Chain
Receive News & Ratings for SIFCO Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SIFCO Industries and related companies with MarketBeat.com's FREE daily email newsletter.
