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

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

Sify Technologies Stock Up 3.1 %

Shares of SIFY opened at $0.35 on Friday. Sify Technologies has a fifty-two week low of $0.30 and a fifty-two week high of $2.43. The firm has a 50 day moving average price of $0.41 and a 200-day moving average price of $0.97. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03.

Institutional Trading of Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd increased its stake in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,358 shares of the technology company’s stock after acquiring an additional 38,413 shares during the period. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 as of its most recent SEC filing. Institutional investors own 0.61% of the company’s stock.

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.