SIFCO Industries (NYSE:SIF) Now Covered by Analysts at StockNews.com

Posted by Samantha Reynolds on Dec 21st, 2024

StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF – Free Report) in a research report released on Friday morning. The firm issued a buy rating on the stock.

SIFCO Industries Trading Up 9.3 %

NYSE:SIF opened at $4.00 on Friday. The company’s 50-day simple moving average is $3.84 and its 200 day simple moving average is $3.82. The firm has a market capitalization of $24.72 million, a P/E ratio of -2.96 and a beta of 1.22. SIFCO Industries has a one year low of $2.87 and a one year high of $5.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.75.

Hedge Funds Weigh In On SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC increased its holdings in shares of SIFCO Industries, Inc. (NYSE:SIF – Free Report) by 12.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 423,889 shares of the company’s stock after purchasing 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 biggest holding. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 as of its most recent SEC filing. 24.20% of the stock is owned by institutional investors and hedge funds.

SIFCO Industries Company Profile

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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.