SIFCO Industries (NYSE:SIF) Now Covered by Wall Street Zen

Wall Street Zen initiated coverage on shares of SIFCO Industries (NYSE:SIF) in a research note published on Wednesday morning. The firm issued a buy rating on the stock.

SIFCO Industries Trading Up 0.5%

Shares of NYSE SIF opened at $3.00 on Wednesday. SIFCO Industries has a 12 month low of $2.33 and a 12 month high of $5.96. The firm has a market capitalization of $18.42 million, a PE ratio of -4.22 and a beta of 1.04. The firm has a fifty day simple moving average of $2.74 and a two-hundred day simple moving average of $3.27.

Institutional Trading of SIFCO Industries

A hedge fund recently raised its stake in SIFCO Industries stock. Renaissance Technologies LLC grew its stake in shares of SIFCO Industries, Inc. (NYSE:SIF) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,734 shares of the company’s stock after acquiring an additional 7,900 shares during the quarter. Renaissance Technologies LLC owned about 0.85% of SIFCO Industries worth $187,000 as of its most recent SEC filing. Hedge funds and other 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.