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

Stock analysts at StockNews.com initiated coverage on shares of Sify Technologies (NASDAQ:SIFY) in a research report issued on Tuesday. The firm set a “hold” rating on the technology company’s stock.

Separately, TheStreet lowered shares of Sify Technologies from a “c-” rating to a “d+” rating in a research note on Friday, February 2nd.

Sify Technologies Stock Up 11.7 %

Shares of NASDAQ SIFY opened at $1.43 on Tuesday. The stock has a market cap of $261.46 million, a P/E ratio of 35.75, a P/E/G ratio of 6.40 and a beta of 1.62. The firm has a 50 day moving average price of $1.26 and a 200 day moving average price of $1.44. 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 52-week low of $1.16 and a 52-week high of $3.37.

Hedge Funds Weigh In On Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. Acadian Asset Management LLC increased its holdings in shares of Sify Technologies Limited (NASDAQ:SIFY) by 100.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 509,303 shares of the technology company’s stock after acquiring an additional 255,050 shares during the quarter. Acadian Asset Management LLC owned about 0.28% of Sify Technologies worth $928,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.61% of the company’s stock.

About Sify Technologies

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.