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

StockNews.com began coverage on shares of SIFCO Industries (NYSE:SIF) in a report issued on Wednesday morning. The brokerage issued a buy rating on the stock.

SIFCO Industries Stock Performance

Shares of SIFCO Industries stock opened at $2.84 on Wednesday. The stock has a market capitalization of $17.46 million, a P/E ratio of -4.00 and a beta of 1.26. SIFCO Industries has a 52-week low of $2.77 and a 52-week high of $5.96. The stock’s 50-day simple moving average is $3.29 and its 200 day simple moving average is $3.73.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC lifted its stake in SIFCO Industries, Inc. (NYSE:SIF) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466,751 shares of the company’s stock after acquiring an additional 42,862 shares during the period. SIFCO Industries makes up about 1.0% of Minerva Advisors LLC’s holdings, making the stock its 24th largest holding. Minerva Advisors LLC owned 7.56% of SIFCO Industries worth $1,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.