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

StockNews.com initiated coverage on shares of SIFCO Industries (NYSE:SIF) in a research report sent to investors on Wednesday. The brokerage issued a buy rating on the stock.

SIFCO Industries Trading Up 4.3 %

NYSE SIF opened at $3.18 on Wednesday. The firm’s 50-day moving average is $3.12 and its two-hundred day moving average is $3.60. SIFCO Industries has a 12 month low of $2.28 and a 12 month high of $4.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.99 and a quick ratio of 0.73. The stock has a market capitalization of $19.59 million, a P/E ratio of -1.98 and a beta of 1.13.

SIFCO Industries (NYSE:SIF) last posted its earnings results on Wednesday, February 14th. The company reported ($0.57) EPS for the quarter. SIFCO Industries had a negative net margin of 10.98% and a negative return on equity of 24.45%. The company had revenue of $21.05 million during the quarter.

Institutional Trading of SIFCO Industries

An institutional investor recently bought a new position in SIFCO Industries stock. Investment Partners LTD. purchased a new position in shares of SIFCO Industries, Inc. (NYSE:SIF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 57,541 shares of the company’s stock, valued at approximately $211,000. Investment Partners LTD. owned approximately 0.94% of SIFCO Industries as of its most recent filing with the Securities & Exchange Commission. 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.