StockNews.com began coverage on shares of Sify Technologies (NASDAQ:SIFY – Free Report) in a research report sent to investors on Saturday. The brokerage issued a hold rating on the technology company’s stock.
Sify Technologies Stock Down 12.7 %
Shares of SIFY opened at $3.31 on Friday. Sify Technologies has a one year low of $1.82 and a one year high of $12.30. The stock’s fifty day moving average is $0.79 and its 200-day moving average is $0.84. 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 Investors Weigh In On Sify Technologies
An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd lifted its holdings in Sify Technologies Limited (NASDAQ:SIFY – Free Report) by 226.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,358 shares of the technology company’s stock after purchasing 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 reporting period. 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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