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

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

SIFCO Industries Price Performance

SIF stock opened at $3.10 on Tuesday. SIFCO Industries has a 52-week low of $2.33 and a 52-week high of $5.96. The company’s 50 day simple moving average is $2.72 and its 200-day simple moving average is $3.29. The firm has a market capitalization of $19.06 million, a P/E ratio of -4.37 and a beta of 1.04.

Institutional Investors Weigh In On 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% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 0.85% of SIFCO Industries worth $187,000 as of its most recent SEC filing. 24.20% of the stock is currently owned by institutional investors and hedge funds.

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.