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

StockNews.com initiated coverage on shares of SIFCO Industries (NYSE:SIF) in a research note published on Tuesday morning. The firm issued a buy rating on the stock.

SIFCO Industries Stock Down 0.7 %

SIF stock opened at $2.80 on Tuesday. The company has a market capitalization of $17.21 million, a price-to-earnings ratio of -3.94 and a beta of 1.26. SIFCO Industries has a 12 month low of $2.77 and a 12 month high of $5.96. The firm has a 50 day moving average of $3.38 and a two-hundred day moving average of $3.82.

Institutional Trading of SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Renaissance Technologies LLC increased its position in shares of SIFCO Industries, Inc. (NYSE:SIF) by 17.6% in the 4th quarter, according to the company in its most recent filing with the Securities and 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 0.85% of SIFCO Industries worth $187,000 at the end of the most recent reporting period. 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.