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

Research analysts at StockNews.com initiated coverage on shares of SIFCO Industries (NYSE:SIF) in a research note issued on Tuesday. The brokerage set a “buy” rating on the stock.

SIFCO Industries Price Performance

Shares of NYSE SIF opened at $3.05 on Tuesday. The firm has a market cap of $18.79 million, a PE ratio of -1.89 and a beta of 1.13. The firm has a fifty day moving average of $3.16 and a 200 day moving average of $3.66. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.99. SIFCO Industries has a one year low of $2.28 and a one year high of $4.95.

SIFCO Industries (NYSE:SIF) last announced its earnings results on Wednesday, February 14th. The company reported ($0.57) earnings per share (EPS) for the quarter. SIFCO Industries had a negative return on equity of 24.45% and a negative net margin of 10.98%. The business had revenue of $21.05 million for the quarter.

Institutional Investors Weigh In On SIFCO Industries

A hedge fund recently bought a new stake in SIFCO Industries stock. Investment Partners LTD. bought a new position in shares of SIFCO Industries, Inc. (NYSE:SIF) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 57,541 shares of the company’s stock, valued at approximately $211,000. Investment Partners LTD. owned 0.94% of SIFCO Industries at the end of the most recent reporting period. 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.