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

StockNews.com began coverage on shares of Sify Technologies (NASDAQ:SIFY) in a research note published on Thursday morning. The firm issued a sell rating on the technology company’s stock.

Sify Technologies Price Performance

Shares of NASDAQ:SIFY opened at $0.37 on Thursday. 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 1-year low of $0.30 and a 1-year high of $2.05. The business has a 50-day moving average price of $0.40 and a two-hundred day moving average price of $0.78.

Sify Technologies’s stock is scheduled to reverse split before the market opens 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.

Institutional Inflows and Outflows

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