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

StockNews.com initiated coverage on shares of Sify Technologies (NASDAQ:SIFY) in a research note issued on Wednesday. The brokerage set a “sell” rating on the technology company’s stock.

Sify Technologies Price Performance

Shares of SIFY opened at $0.45 on Wednesday. The stock’s 50-day moving average price is $0.40 and its two-hundred day moving average price is $0.84. 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 12 month low of $0.30 and a 12 month high of $2.05.

Institutional Trading of Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd grew its position in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 SEC. 0.61% of the stock is owned by hedge funds and other institutional investors.

Sify Technologies Company Profile

Sify Technologies Limited provides integrated ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The Network Centric Services segment offers internet, internet protocol and multi-protocol label switching virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, managed services, dedicated internet access, and proactive monitoring and management of the network and devices.