Sify Technologies (NASDAQ:SIFY) Receives New Coverage from Analysts at StockNews.com

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

Separately, TheStreet lowered Sify Technologies from a c- rating to a d+ rating in a research note on Friday, February 2nd.

Sify Technologies Trading Up 8.0 %

Shares of SIFY opened at $1.49 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The company’s fifty day moving average is $1.26 and its two-hundred day moving average is $1.44. Sify Technologies has a fifty-two week low of $1.16 and a fifty-two week high of $3.37.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sify Technologies stock. Acadian Asset Management LLC grew its stake in shares of Sify Technologies Limited (NASDAQ:SIFY) by 100.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509,303 shares of the technology company’s stock after acquiring an additional 255,050 shares during the period. Acadian Asset Management LLC owned about 0.28% of Sify Technologies worth $928,000 at the end of the most recent quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

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.