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

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

SIFCO Industries Stock Down 1.8 %

Shares of SIF stock opened at $2.75 on Monday. The business’s fifty day moving average is $2.73 and its 200 day moving average is $3.34. The stock has a market cap of $16.90 million, a price-to-earnings ratio of -3.87 and a beta of 1.04. SIFCO Industries has a twelve month low of $2.33 and a twelve month high of $5.96.

Institutional Trading of SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Renaissance Technologies LLC lifted its position in shares of SIFCO Industries, Inc. (NYSE:SIF) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,734 shares of the company’s stock after acquiring an additional 7,900 shares during the period. Renaissance Technologies LLC owned approximately 0.85% of SIFCO Industries worth $187,000 as of its most recent filing with the Securities & Exchange Commission. 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.