Sify Technologies (NASDAQ:SIFY) Shares Set to Reverse Split on Friday, October 4th

Sify Technologies Limited (NASDAQ:SIFY) shares are going to reverse split on Friday, October 4th. The 1-6 reverse split was announced on Wednesday, September 18th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 3rd.

Sify Technologies Price Performance

NASDAQ:SIFY opened at $0.36 on Friday. The firm’s fifty day moving average is $0.40 and its two-hundred day moving average is $0.82. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.84. Sify Technologies has a one year low of $0.30 and a one year high of $2.05.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Sify Technologies in a research note on Wednesday. They issued a “sell” rating on the stock.

Hedge Funds Weigh In On Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd raised its position in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,358 shares of the technology company’s stock after buying an additional 38,413 shares during the period. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.