Sify Technologies Limited (NASDAQ:SIFY – Free Report)’s stock is set 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 closing bell on Thursday, October 3rd.
Sify Technologies Stock Down 4.1 %
NASDAQ:SIFY opened at $0.37 on Monday. Sify Technologies has a fifty-two week low of $0.30 and a fifty-two week high of $2.05. The company has a fifty day moving average of $0.40 and a two-hundred day moving average of $0.78. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of Sify Technologies in a report on Thursday. They set a “sell” rating for the company.
Institutional Trading of Sify Technologies
A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd grew its stake in shares of Sify Technologies Limited (NASDAQ:SIFY – Free Report) by 226.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 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.
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