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

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

SIFCO Industries Price Performance

Shares of NYSE:SIF opened at $3.00 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a fifty day moving average price of $3.12 and a 200 day moving average price of $3.62. SIFCO Industries has a fifty-two week low of $2.28 and a fifty-two week high of $4.95. The firm has a market cap of $18.48 million, a price-to-earnings ratio of -1.86 and a beta of 1.13.

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

Hedge Funds Weigh In On SIFCO Industries

An institutional investor recently bought a new position in SIFCO Industries stock. Investment Partners LTD. acquired a new stake in shares of SIFCO Industries, Inc. (NYSE:SIF) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 57,541 shares of the company’s stock, valued at approximately $211,000. Investment Partners LTD. owned about 0.94% of SIFCO Industries as of its most recent SEC filing. Hedge funds and other institutional investors own 24.20% of the company’s stock.

SIFCO Industries Company Profile

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.