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

Analysts at StockNews.com started coverage on shares of SIFCO Industries (NYSE:SIF) in a research note issued to investors on Monday. The firm set a “buy” rating on the stock.

SIFCO Industries Trading Up 1.9 %

NYSE:SIF opened at $3.21 on Monday. 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 firm has a market capitalization of $19.77 million, a price-to-earnings ratio of -1.99 and a beta of 1.13. SIFCO Industries has a one year low of $2.28 and a one year high of $4.95. The business has a fifty day moving average price of $3.17 and a 200-day moving average price of $3.66.

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

Institutional Investors Weigh In On SIFCO Industries

An institutional investor recently bought a new position in SIFCO Industries stock. Investment Partners LTD. acquired a new stake in shares of SIFCO Industries, Inc. (NYSE:SIF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 57,541 shares of the company’s stock, valued at approximately $211,000. Investment Partners LTD. owned about 0.94% of SIFCO Industries as of its most recent SEC filing. 24.20% of the stock is owned by 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.