Sify Technologies (NASDAQ:SIFY) Receives New Coverage from Analysts at StockNews.com

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

Sify Technologies Stock Performance

SIFY stock opened at $0.34 on Friday. Sify Technologies has a fifty-two week low of $0.30 and a fifty-two week high of $2.43. The business’s 50 day moving average price is $0.41 and its two-hundred day moving average price is $0.96. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84.

Hedge Funds Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd boosted its holdings in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,358 shares of the technology company’s stock after acquiring an additional 38,413 shares during the quarter. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.