Sify Technologies (NASDAQ:SIFY) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Sify Technologies (NASDAQ:SIFY) from a sell rating to a hold rating in a research report sent to investors on Monday.

Sify Technologies Trading Down 3.5 %

Sify Technologies stock opened at $3.28 on Monday. 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 1 year low of $1.82 and a 1 year high of $12.30. The firm’s 50-day moving average is $2.77 and its 200-day moving average is $3.94. The company has a market cap of $601.33 million, a P/E ratio of 82.00, a PEG ratio of 17.10 and a beta of 1.52.

Institutional Investors Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd grew its position in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing. 0.61% of the stock is owned by institutional investors.

About Sify Technologies

Sify Technologies Limited offers ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The company offers internet, internet protocol, multi-protocol label switching, virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, dedicated internet access, and proactive monitoring and management of the network and devices.