Sify Technologies (NASDAQ:SIFY) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Sify Technologies (NASDAQ:SIFY) in a report published on Monday. The firm issued a hold rating on the technology company’s stock.

Sify Technologies Trading Down 1.7 %

Shares of NASDAQ:SIFY opened at $0.65 on Monday. The firm has a 50 day simple moving average of $0.40 and a 200-day simple moving average of $0.89. Sify Technologies has a twelve month low of $0.30 and a twelve month high of $2.20. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03.

Hedge Funds Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd increased its position in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 55,358 shares of the technology company’s stock after purchasing an additional 38,413 shares during the period. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 at the end of the most recent quarter. Institutional investors 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.