StockNews.com initiated coverage on shares of SIFCO Industries (NYSE:SIF – Free Report) in a research note released on Monday. The brokerage issued a buy rating on the stock.
SIFCO Industries Stock Up 4.6 %
NYSE SIF opened at $3.88 on Monday. The stock’s 50 day simple moving average is $4.16 and its 200 day simple moving average is $3.73. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.75. SIFCO Industries has a one year low of $2.87 and a one year high of $5.96. The firm has a market cap of $23.98 million, a PE ratio of -2.75 and a beta of 1.23.
Hedge Funds Weigh In On SIFCO Industries
A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC boosted its stake in SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 12.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 largest position. Minerva Advisors LLC owned approximately 6.86% of SIFCO Industries worth $1,971,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.
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