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

StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF) in a research note published on Thursday morning. The brokerage issued a buy rating on the stock.

SIFCO Industries Stock Down 6.4 %

Shares of SIF stock opened at $2.62 on Thursday. The stock has a 50-day simple moving average of $3.20 and a 200 day simple moving average of $3.66. The stock has a market capitalization of $16.11 million, a P/E ratio of -3.69 and a beta of 0.98. SIFCO Industries has a fifty-two week low of $2.63 and a fifty-two week high of $5.96.

Institutional Trading of SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC boosted its holdings in SIFCO Industries, Inc. (NYSE:SIF) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 466,751 shares of the company’s stock after buying an additional 42,862 shares during the quarter. SIFCO Industries accounts for about 1.0% of Minerva Advisors LLC’s investment portfolio, making the stock its 24th largest position. Minerva Advisors LLC owned approximately 7.56% of SIFCO Industries worth $1,754,000 as of its most recent filing with the SEC. 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.