Sify Technologies (NASDAQ:SIFY) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Sify Technologies (NASDAQ:SIFY) in a research report issued on Saturday. The brokerage set a “hold” rating on the technology company’s stock.

Sify Technologies Trading Up 3.1 %

Sify Technologies stock opened at $0.35 on Friday. Sify Technologies has a 1 year low of $0.30 and a 1 year high of $2.43. The firm’s 50 day moving average price is $0.41 and its 200-day moving average price is $0.97. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84.

Institutional Trading of Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd increased its position in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,358 shares of the technology company’s stock after buying an additional 38,413 shares during the period. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 at the end of the most recent quarter. Institutional investors own 0.61% of the company’s stock.

Sify Technologies Company Profile

Sify Technologies Limited provides integrated ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The Network Centric Services segment offers internet, internet protocol and multi-protocol label switching virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, managed services, dedicated internet access, and proactive monitoring and management of the network and devices.