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

Stock analysts at StockNews.com initiated coverage on shares of Sify Technologies (NASDAQ:SIFYGet Free Report) in a note issued to investors on Saturday. The firm set a “hold” rating on the technology company’s stock.

Sify Technologies Trading Down 0.9 %

Shares of SIFY opened at $0.39 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03. The company has a 50-day moving average price of $1.07 and a two-hundred day moving average price of $1.34. Sify Technologies has a 12 month low of $0.35 and a 12 month 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 raised its stake in shares of Sify Technologies Limited (NASDAQ:SIFYFree Report) by 100.3% in the third quarter, according to the company in its most recent disclosure 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 approximately 0.28% of Sify Technologies worth $928,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.61% of the company’s stock.

Sify Technologies Company Profile

(Get Free Report)

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.

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