Sify Technologies (NASDAQ:SIFY) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Sify Technologies (NASDAQ:SIFY) in a report issued on Tuesday morning. 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 report on Friday, February 2nd.

Sify Technologies Stock Down 3.5 %

Shares of Sify Technologies stock opened at $1.38 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03. Sify Technologies has a 1 year low of $1.16 and a 1 year high of $3.37. The business has a 50 day moving average price of $1.26 and a 200 day moving average price of $1.44.

Institutional Trading of Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. Acadian Asset Management LLC boosted its position in Sify Technologies Limited (NASDAQ:SIFY) by 100.3% in the 3rd quarter, according to its most recent filing with the SEC. 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 about 0.28% of Sify Technologies worth $928,000 at the end of the most recent reporting period. Institutional investors own 0.61% of the company’s stock.

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.