StockNews.com Begins Coverage on SIFCO Industries (NYSE:SIF)

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

SIFCO Industries Trading Down 2.6 %

NYSE:SIF opened at $3.75 on Tuesday. The stock has a fifty day moving average price of $4.04 and a two-hundred day moving average price of $3.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.99. The stock has a market capitalization of $23.18 million, a price-to-earnings ratio of -2.78 and a beta of 1.23. SIFCO Industries has a 1 year low of $2.87 and a 1 year high of $5.96.

Institutional Trading of SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC increased its stake in shares of SIFCO Industries, Inc. (NYSE:SIF) by 12.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the quarter. SIFCO Industries makes up approximately 1.1% of Minerva Advisors LLC’s holdings, making the stock its 22nd largest holding. Minerva Advisors LLC owned 6.86% of SIFCO Industries worth $1,971,000 at the end of the most recent reporting period. 24.20% of the stock is owned by hedge funds and other institutional investors.

SIFCO Industries Company Profile

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.