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

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

SIFCO Industries Price Performance

Shares of SIFCO Industries stock opened at $2.84 on Monday. SIFCO Industries has a 1 year low of $2.77 and a 1 year high of $5.96. The business has a 50-day moving average of $3.48 and a two-hundred day moving average of $3.88. The company has a market capitalization of $17.46 million, a P/E ratio of -4.00 and a beta of 1.26.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SIFCO Industries stock. Renaissance Technologies LLC increased its position in shares of SIFCO Industries, Inc. (NYSE:SIF) by 17.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,734 shares of the company’s stock after buying an additional 7,900 shares during the quarter. Renaissance Technologies LLC owned 0.85% of SIFCO Industries worth $187,000 as of its most recent SEC filing. 24.20% of the stock is currently owned by institutional investors and hedge funds.

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.