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

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

SIFCO Industries Price Performance

Shares of SIF stock opened at $3.29 on Tuesday. The firm’s 50-day moving average is $2.72 and its two-hundred day moving average is $3.30. The company has a market capitalization of $20.22 million, a PE ratio of -4.63 and a beta of 1.04. SIFCO Industries has a 12 month low of $2.33 and a 12 month high of $5.96.

Institutional Investors Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Renaissance Technologies LLC increased its holdings in shares of SIFCO Industries, Inc. (NYSE:SIF) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,734 shares of the company’s stock after buying 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 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.