StockNews.com Initiates Coverage on SIFCO Industries (NYSE:SIF)

Research analysts at StockNews.com began coverage on shares of SIFCO Industries (NYSE:SIF) in a research report issued to clients and investors on Sunday. The firm set a “buy” rating on the stock.

SIFCO Industries Stock Down 2.8 %

Shares of SIF stock opened at $3.16 on Friday. The stock has a fifty day moving average of $3.55 and a 200 day moving average of $3.92. The firm has a market capitalization of $19.42 million, a price-to-earnings ratio of -4.45 and a beta of 1.20. SIFCO Industries has a 52 week low of $2.90 and a 52 week high of $5.96.

Hedge Funds Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC lifted its position in SIFCO Industries, Inc. (NYSE:SIF) by 10.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 466,751 shares of the company’s stock after acquiring an additional 42,862 shares during the period. SIFCO Industries accounts for about 1.0% of Minerva Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Minerva Advisors LLC owned about 7.56% of SIFCO Industries worth $1,754,000 at the end of the most recent reporting period. 24.20% of the stock is owned by institutional investors.

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.