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

Equities researchers 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 Trading Up 1.4 %

SIFCO Industries stock opened at $2.97 on Monday. SIFCO Industries has a twelve month low of $2.84 and a twelve month high of $5.96. The stock has a 50 day moving average of $3.50 and a two-hundred day moving average of $3.89. The stock has a market capitalization of $18.26 million, a price-to-earnings ratio of -4.18 and a beta of 1.26.

Institutional Trading of SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Renaissance Technologies LLC boosted its stake in shares of SIFCO Industries, Inc. (NYSE:SIF) by 17.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission. 24.20% of the stock is owned by hedge funds and other institutional investors.

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.