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

Analysts at StockNews.com began coverage on shares of Sify Technologies (NASDAQ:SIFY) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the technology company’s stock.

Sify Technologies Stock Performance

Shares of NASDAQ:SIFY opened at $0.41 on Friday. Sify Technologies has a 1 year low of $0.40 and a 1 year high of $3.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.03 and a quick ratio of 0.89. The business’s 50 day simple moving average is $1.17 and its 200 day simple moving average is $1.38.

Institutional Investors Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. Acadian Asset Management LLC raised its holdings in Sify Technologies Limited (NASDAQ:SIFY) by 100.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. 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 0.28% of Sify Technologies worth $928,000 as of its most recent SEC filing. 0.61% of the stock is owned by hedge funds and other institutional investors.

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.