SIFCO Industries (NYSE:SIF) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF) in a research note issued to investors on Wednesday. The brokerage set a “buy” rating on the stock.

SIFCO Industries Stock Up 1.1 %

Shares of NYSE:SIF opened at $2.83 on Wednesday. SIFCO Industries has a 12-month low of $2.77 and a 12-month high of $5.96. The business has a 50 day moving average of $3.30 and a 200-day moving average of $3.74. The stock has a market cap of $17.40 million, a PE ratio of -3.99 and a beta of 1.26.

Institutional Investors Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Renaissance Technologies LLC grew its holdings in shares of SIFCO Industries, Inc. (NYSE:SIF) by 17.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,734 shares of the company’s stock after purchasing an additional 7,900 shares during the period. Renaissance Technologies LLC owned about 0.85% of SIFCO Industries worth $187,000 at the end of the most recent quarter. 24.20% of the stock is currently owned by hedge funds and other 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.