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

StockNews.com started coverage on shares of Sify Technologies (NASDAQ:SIFY) in a research note released on Tuesday morning. The brokerage issued a sell rating on the technology company’s stock.

Sify Technologies Trading Up 6.6 %

Shares of NASDAQ SIFY opened at $0.45 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average of $0.40 and a 200 day moving average of $0.86. Sify Technologies has a 12-month low of $0.30 and a 12-month high of $2.18.

Hedge Funds Weigh In On Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd grew its stake in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,358 shares of the technology company’s stock after acquiring 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 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.