Sify Technologies (NASDAQ:SIFY) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Sify Technologies (NASDAQ:SIFY) from a hold rating to a sell rating in a research note issued to investors on Sunday morning.

Sify Technologies Trading Up 4.0 %

SIFY stock opened at $3.88 on Friday. Sify Technologies has a 12 month low of $1.82 and a 12 month high of $12.30. The firm’s 50-day moving average is $0.99 and its 200 day moving average is $0.90. The company has a market capitalization of $711.33 million, a PE ratio of 97.00, a P/E/G ratio of 3.16 and a beta of 1.52. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.03 and a quick ratio of 0.89.

Institutional Trading of Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd boosted its position in shares of Sify Technologies Limited (NASDAQ:SIFY) by 226.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,358 shares of the technology company’s stock after purchasing 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 filing with the Securities & Exchange Commission. 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.