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

Stock analysts at StockNews.com began coverage on shares of Sify Technologies (NASDAQ:SIFY) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the technology company’s stock.

Separately, TheStreet cut Sify Technologies from a “c-” rating to a “d+” rating in a report on Friday, February 2nd.

Sify Technologies Price Performance

NASDAQ SIFY opened at $1.19 on Friday. Sify Technologies has a fifty-two week low of $1.07 and a fifty-two week high of $3.37. The business has a fifty day moving average of $1.28 and a 200-day moving average of $1.47. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.10 and a quick ratio of 0.99.

Hedge Funds Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. Acadian Asset Management LLC boosted its holdings in Sify Technologies Limited (NASDAQ:SIFY) by 100.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 509,303 shares of the technology company’s stock after purchasing an additional 255,050 shares during the quarter. Acadian Asset Management LLC owned approximately 0.28% of Sify Technologies worth $928,000 as of its most recent filing with the Securities and Exchange Commission. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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.