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

Research analysts at StockNews.com started 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 Price Performance

Shares of NASDAQ SIFY opened at $3.38 on Friday. Sify Technologies has a 12 month low of $1.82 and a 12 month high of $12.30. The business’s 50 day moving average is $0.67 and its two-hundred day moving average is $0.81. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.84.

Hedge Funds Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd boosted its stake in shares of Sify Technologies Limited (NASDAQ:SIFY) by 226.7% during the second quarter, according to the company in its most recent 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. Institutional investors own 0.61% of the company’s stock.

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.