Sify Technologies (NASDAQ:SIFY) Stock Price Up 5.5% – What’s Next?

Sify Technologies Limited (NASDAQ:SIFY) shares were up 5.5% during mid-day trading on Friday . The company traded as high as $3.48 and last traded at $3.46. Approximately 12,995 shares traded hands during trading, a decline of 96% from the average daily volume of 294,406 shares. The stock had previously closed at $3.28.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Sify Technologies from a “hold” rating to a “sell” rating in a report on Sunday, October 20th.

Sify Technologies Stock Up 4.6 %

The stock has a fifty day simple moving average of $2.63 and a two-hundred day simple moving average of $4.09. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.84.

Institutional Investors Weigh In On Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd raised its holdings in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,358 shares of the technology company’s stock after purchasing an additional 38,413 shares during the quarter. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 0.61% of the stock is currently owned by institutional investors and hedge funds.

Sify Technologies Company Profile

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