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

StockNews.com began coverage on shares of Sify Technologies (NASDAQ:SIFY) in a report published on Sunday. The brokerage 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 note on Friday, February 2nd.

Sify Technologies Stock Up 0.8 %

Sify Technologies stock opened at $1.20 on Friday. Sify Technologies has a 52 week low of $1.07 and a 52 week high of $3.37. The business’s 50-day moving average price is $1.27 and its 200 day moving average price is $1.46. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.84.

Hedge Funds Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. Acadian Asset Management LLC lifted its holdings in shares of Sify Technologies Limited (NASDAQ:SIFY) by 100.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 509,303 shares of the technology company’s stock after buying an additional 255,050 shares during the quarter. Acadian Asset Management LLC owned approximately 0.28% of Sify Technologies worth $928,000 as of its most recent SEC filing. 0.61% of the stock is 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.