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

Stock analysts at StockNews.com assumed 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 Performance

Shares of SIFCO Industries stock opened at $3.29 on Friday. The firm has a 50-day simple moving average of $3.60 and a two-hundred day simple moving average of $3.94. The company has a market cap of $20.23 million, a P/E ratio of -4.63 and a beta of 1.20. SIFCO Industries has a fifty-two week low of $2.90 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. Renaissance Technologies LLC boosted 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 buying an additional 7,900 shares during the quarter. Renaissance Technologies LLC owned 0.85% of SIFCO Industries worth $187,000 as of its most recent SEC filing. 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.