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

StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIFFree Report) in a research report released on Wednesday. The firm issued a buy rating on the stock.

SIFCO Industries Trading Up 1.1 %

SIFCO Industries stock opened at $3.70 on Wednesday. SIFCO Industries has a 12 month low of $2.90 and a 12 month high of $5.96. The stock has a fifty day simple moving average of $3.70 and a two-hundred day simple moving average of $3.90. The firm has a market cap of $22.83 million, a price-to-earnings ratio of -4.11 and a beta of 1.19.

Institutional Trading of SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Minerva Advisors LLC increased its stake in shares of SIFCO Industries, Inc. (NYSE:SIFFree Report) by 12.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 423,889 shares of the company’s stock after purchasing an additional 45,281 shares during the period. SIFCO Industries makes up 1.1% of Minerva Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Minerva Advisors LLC owned 6.86% of SIFCO Industries worth $1,971,000 as of its most recent filing with the Securities & Exchange Commission. 24.20% of the stock is currently 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.

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