SIFCO Industries (NYSE:SIF) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF) in a research note issued to investors on Tuesday. The firm issued a buy rating on the stock.

SIFCO Industries Trading Down 1.0 %

NYSE:SIF opened at $3.05 on Tuesday. The firm has a market cap of $18.79 million, a PE ratio of -1.89 and a beta of 1.13. The stock has a fifty day moving average price of $3.15 and a 200 day moving average price of $3.64. SIFCO Industries has a 12-month low of $2.28 and a 12-month high of $4.95. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14.

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

Institutional Trading of SIFCO Industries

A hedge fund recently bought a new stake in SIFCO Industries stock. Investment Partners LTD. purchased a new position in shares of SIFCO Industries, Inc. (NYSE:SIF) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 57,541 shares of the company’s stock, valued at approximately $211,000. Investment Partners LTD. owned about 0.94% of SIFCO Industries at the end of the most recent reporting period. 24.20% of the stock is owned by institutional investors and hedge funds.

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.