SIFCO Industries (NYSE:SIF) Earns Buy Rating from Analysts at StockNews.com

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

SIFCO Industries Trading Down 2.6 %

Shares of SIF stock opened at $3.75 on Tuesday. The stock has a market cap of $23.18 million, a P/E 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. The company has a current ratio of 0.99, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $4.06 and a 200 day simple moving average of $3.75.

Institutional Trading of SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC lifted its holdings in shares of SIFCO Industries, Inc. (NYSE:SIF) by 12.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 423,889 shares of the company’s stock after buying an additional 45,281 shares during the period. SIFCO Industries comprises about 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 at the end of the most recent quarter. 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.