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

Analysts at StockNews.com began coverage on shares of SIFCO Industries (NYSE:SIF) in a research note issued to investors on Tuesday. The firm set a “buy” rating on the stock.

SIFCO Industries Trading Down 1.1 %

Shares of SIF stock opened at $3.60 on Tuesday. The stock has a market capitalization of $22.21 million, a price-to-earnings ratio of -4.00 and a beta of 1.19. SIFCO Industries has a 12-month low of $2.90 and a 12-month high of $5.96. The stock’s 50-day moving average price is $3.68 and its 200-day moving average price is $3.88.

Institutional Investors Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC grew its stake in SIFCO Industries, Inc. (NYSE:SIF) by 12.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 about 1.1% of Minerva Advisors LLC’s portfolio, making the stock its 22nd biggest position. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 24.20% of the company’s stock.

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.