Sify Technologies (NASDAQ:SIFY) Shares Up 3.7%

Sify Technologies Limited (NASDAQ:SIFY) shot up 3.7% on Friday . The company traded as high as $3.79 and last traded at $3.60. 6,512 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 1,887,602 shares. The stock had previously closed at $3.47.

Separately, TheStreet cut shares of Sify Technologies from a “b-” rating to a “c” rating in a research note on Monday, March 22nd.

The stock’s 50-day simple moving average is $3.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 0.91.

Several institutional investors have recently added to or reduced their stakes in SIFY. Geode Capital Management LLC acquired a new position in shares of Sify Technologies during the first quarter worth approximately $38,000. Virtu Financial LLC acquired a new position in Sify Technologies during the 1st quarter worth $86,000. Greenhaven Road Investment Management L.P. acquired a new position in Sify Technologies during the 4th quarter worth $34,000. Goldman Sachs Group Inc. acquired a new stake in shares of Sify Technologies in the 1st quarter valued at $113,000. Finally, HRT Financial LP bought a new stake in shares of Sify Technologies during the first quarter worth $138,000. 1.64% of the stock is owned by institutional investors and hedge funds.

About Sify Technologies (NASDAQ:SIFY)

Sify Technologies Limited provides integrated ICT solutions and services in India and internationally. The company operates in five segments: Telecom Services, Data Center Services, Cloud and Managed Services, Technology Integration Services, and Applications Integration Services. The Telecom Services segment offers internet protocol based virtual private network services, including intranets, extranets, and remote access applications; and last mile connectivity services.

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