Sify Technologies (NASDAQ:SIFY) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Sify Technologies (NASDAQ:SIFY) from a sell rating to a hold rating in a research report report published on Monday morning.

Sify Technologies Stock Performance

Sify Technologies stock opened at $3.28 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03. Sify Technologies has a one year low of $1.82 and a one year high of $12.30. The stock’s 50 day moving average price is $2.77 and its 200 day moving average price is $3.94. The firm has a market capitalization of $601.33 million, a PE ratio of 82.00, a price-to-earnings-growth ratio of 17.10 and a beta of 1.52.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd grew its holdings in shares of Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,358 shares of the technology company’s stock after buying 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 SEC filing. 0.61% of the stock is owned by institutional investors and hedge funds.

About Sify Technologies

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.