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

StockNews.com started coverage on shares of Sify Technologies (NASDAQ:SIFY) in a research note released on Saturday. The firm issued a hold rating on the technology company’s stock.

Separately, TheStreet downgraded Sify Technologies from a c- rating to a d+ rating in a research note on Friday, February 2nd.

Sify Technologies Price Performance

Shares of NASDAQ SIFY opened at $1.22 on Friday. The company’s 50 day simple moving average is $1.29 and its 200 day simple moving average is $1.48. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.99 and a current ratio of 1.10. Sify Technologies has a fifty-two week low of $1.07 and a fifty-two week high of $3.37.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sify Technologies stock. Acadian Asset Management LLC increased its holdings in shares of Sify Technologies Limited (NASDAQ:SIFY) by 100.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 509,303 shares of the technology company’s stock after buying an additional 255,050 shares during the quarter. Acadian Asset Management LLC owned 0.28% of Sify Technologies worth $928,000 as of its most recent SEC filing. Institutional investors own 0.61% of the company’s stock.

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.