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

StockNews.com began coverage on shares of SIFCO Industries (NYSE:SIF) in a research note released on Thursday morning. The firm issued a buy rating on the stock.

SIFCO Industries Stock Down 1.9 %

Shares of NYSE:SIF opened at $3.13 on Thursday. SIFCO Industries has a 52-week low of $2.28 and a 52-week high of $4.95. The company has a market capitalization of $19.28 million, a PE ratio of -1.94 and a beta of 1.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.99. The company has a fifty day moving average of $3.13 and a 200-day moving average of $3.54.

SIFCO Industries (NYSE:SIF) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.57) earnings per share 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 for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SIFCO Industries stock. Investment Partners LTD. acquired a new stake in SIFCO Industries, Inc. (NYSE:SIF) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 24.20% of the company’s stock.

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.