StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF – Free Report) in a research report sent to investors on Tuesday morning. The firm issued a buy rating on the stock.
SIFCO Industries Trading Up 2.9 %
NYSE SIF opened at $3.71 on Tuesday. The firm has a market capitalization of $22.86 million, a P/E ratio of -4.12 and a beta of 1.19. SIFCO Industries has a 1 year low of $2.90 and a 1 year high of $5.96. The firm’s fifty day moving average price is $3.68 and its two-hundred day moving average price is $3.88.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC lifted its holdings in shares of SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 12.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 423,889 shares of the company’s stock after acquiring an additional 45,281 shares during the quarter. SIFCO Industries accounts for about 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd largest position. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent quarter. 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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