Sify Technologies (NASDAQ:SIFY) Now Covered by StockNews.com

Research analysts at StockNews.com started coverage on shares of Sify Technologies (NASDAQ:SIFY) in a research report issued to clients and investors on Saturday. The firm set 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 Stock Down 5.6 %

SIFY stock opened at $1.19 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.99 and a current ratio of 1.10. The business has a 50 day moving average price of $1.29 and a two-hundred day moving average price of $1.48. Sify Technologies has a twelve month low of $1.07 and a twelve month high of $3.37.

Institutional Trading of Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. Acadian Asset Management LLC grew its holdings in Sify Technologies Limited (NASDAQ:SIFY) by 100.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 509,303 shares of the technology company’s stock after buying an additional 255,050 shares during the period. Acadian Asset Management LLC owned 0.28% of Sify Technologies worth $928,000 at the end of the most recent quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

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.