StockNews.com Begins Coverage on Sify Technologies (NASDAQ:SIFY)

by · The Cerbat Gem

StockNews.com assumed coverage on shares of Sify Technologies (NASDAQ:SIFY – Free Report) in a research report sent to investors on Saturday morning. The firm issued a hold rating on the technology company’s stock.

Sify Technologies Price Performance

Sify Technologies stock opened at $3.79 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The stock has a 50 day moving average of $0.74 and a 200-day moving average of $0.83. Sify Technologies has a 52 week low of $1.82 and a 52 week high of $12.30.

Hedge Funds Weigh In On Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd increased its position in shares of Sify Technologies Limited (NASDAQ:SIFY – Free Report) by 226.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,358 shares of the technology company’s stock after purchasing 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. Institutional investors own 0.61% of the company’s stock.

About Sify Technologies

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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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