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

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 %

NASDAQ:SIFY opened at $0.35 on Friday. The stock’s 50-day simple moving average is $0.41 and its 200 day simple moving average is $0.98. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.84. Sify Technologies has a twelve month low of $0.30 and a twelve month high of $2.43.

Hedge Funds Weigh In On Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd raised its position in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the 2nd quarter, according to its most recent Form 13F 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 quarter. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 as of its most recent SEC filing. Hedge funds and other 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.