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

by · The Cerbat Gem

StockNews.com initiated coverage on shares of Sify Technologies (NASDAQ:SIFY – Free Report) in a research note issued to investors on Thursday. The brokerage issued a sell rating on the technology company’s stock.

Sify Technologies Stock Performance

Shares of SIFY stock opened at $0.37 on Thursday. The company’s fifty day moving average price is $0.40 and its 200-day moving average price is $0.78. 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 12 month low of $0.30 and a 12 month high of $2.05.

Sify Technologies shares are set to reverse split on the morning of Friday, October 4th. The 1-6 reverse split was announced on Wednesday, September 18th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 3rd.

Institutional Trading of Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd raised its stake in Sify Technologies Limited (NASDAQ:SIFY – Free Report) by 226.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 reporting period. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Sify Technologies Company Profile

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Sify Technologies Limited offers ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The company offers internet, internet protocol, multi-protocol label switching, virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, dedicated internet access, and proactive monitoring and management of the network and devices.

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