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

StockNews.com began coverage on shares of Sify Technologies (NASDAQ:SIFY) in a research note released on Saturday morning. The brokerage 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 Performance

Shares of NASDAQ SIFY opened at $1.19 on Friday. The business’s 50 day moving average price is $1.29 and its two-hundred day moving average price is $1.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.10 and a quick ratio of 0.99. Sify Technologies has a twelve month low of $1.07 and a twelve month high of $3.37.

Institutional Investors Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. Acadian Asset Management LLC raised its position in shares of Sify Technologies Limited (NASDAQ:SIFY) by 100.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 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 institutional investors and hedge funds.

Sify Technologies Company Profile

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.