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

Equities researchers at StockNews.com initiated coverage on shares of SIFCO Industries (NYSE:SIF) in a note issued to investors on Saturday. The firm set a “buy” rating on the stock.

SIFCO Industries Stock Down 1.9 %

NYSE SIF opened at $2.37 on Friday. SIFCO Industries has a twelve month low of $2.40 and a twelve month high of $5.96. The stock has a market cap of $14.54 million, a P/E ratio of -3.33 and a beta of 0.98. The company’s 50-day simple moving average is $2.91 and its 200 day simple moving average is $3.48.

Hedge Funds Weigh In On SIFCO Industries

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