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

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

Separately, TheStreet cut shares of Sify Technologies from a c- rating to a d+ rating in a report on Friday, February 2nd.

Sify Technologies Stock Performance

SIFY opened at $1.22 on Friday. The company’s 50-day simple moving average is $1.27 and its two-hundred day simple moving average is $1.46. 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 52-week low of $1.07 and a 52-week high of $3.37.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sify Technologies stock. Acadian Asset Management LLC grew its holdings in Sify Technologies Limited (NASDAQ:SIFY) by 100.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 509,303 shares of the technology company’s stock after acquiring an additional 255,050 shares during the period. Acadian Asset Management LLC owned 0.28% of Sify Technologies worth $928,000 as of its most recent SEC filing. 0.61% of the stock is owned by institutional investors and hedge funds.

About Sify Technologies

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.