Sify Technologies (NASDAQ:SIFY) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Sify Technologies (NASDAQ:SIFY) in a report released on Saturday. The firm set a “hold” rating on the technology company’s stock.

Sify Technologies Price Performance

NASDAQ SIFY opened at $0.39 on Friday. The company’s fifty day simple moving average is $1.09 and its 200-day simple moving average is $1.35. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.03 and a quick ratio of 0.89. Sify Technologies has a 52 week low of $0.35 and a 52 week high of $3.37.

Hedge Funds Weigh In On Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. Acadian Asset Management LLC boosted its holdings in Sify Technologies Limited (NASDAQ:SIFY) by 100.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 509,303 shares of the technology company’s stock after purchasing an additional 255,050 shares during the period. Acadian Asset Management LLC owned about 0.28% of Sify Technologies worth $928,000 at the end of the most recent reporting period. 0.61% of the stock is owned by hedge funds and other institutional investors.

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.