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

StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF) in a report issued on Friday. The firm issued a buy rating on the stock.

SIFCO Industries Price Performance

Shares of SIFCO Industries stock opened at $3.15 on Friday. SIFCO Industries has a 52 week low of $2.28 and a 52 week high of $4.95. The company has a current ratio of 0.98, a quick ratio of 0.72 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $3.14 and its two-hundred day moving average price is $3.50.

SIFCO Industries (NYSE:SIF) last released its earnings results on Wednesday, February 14th. The company reported ($0.57) EPS for the quarter. The business had revenue of $21.05 million for the quarter. SIFCO Industries had a negative net margin of 9.30% and a negative return on equity of 26.65%.

Institutional Investors Weigh In On SIFCO Industries

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