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

StockNews.com assumed coverage on shares of Sify Technologies (NASDAQ:SIFY) in a research note released on Saturday. The firm issued a hold rating on the technology company’s stock.

Separately, TheStreet cut shares of Sify Technologies from a c- rating to a d+ rating in a research report on Friday, February 2nd.

Sify Technologies Stock Performance

NASDAQ:SIFY opened at $1.22 on Friday. 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 fifty-two week low of $1.07 and a fifty-two week high of $3.37. The business has a 50 day moving average price of $1.29 and a 200-day moving average price of $1.48.

Hedge Funds Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. Acadian Asset Management LLC grew its stake in Sify Technologies Limited (NASDAQ:SIFY) by 100.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 509,303 shares of the technology company’s stock after purchasing an additional 255,050 shares during the quarter. Acadian Asset Management LLC owned about 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.