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

StockNews.com began coverage on shares of Sify Technologies (NASDAQ:SIFY) in a research report released on Friday. The brokerage issued a sell rating on the technology company’s stock.

Sify Technologies Trading Down 1.8 %

Shares of SIFY stock opened at $2.22 on Friday. The business’s fifty day moving average price is $0.43 and its 200 day moving average price is $0.76. Sify Technologies has a 1-year low of $1.82 and a 1-year high of $12.30. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.84.

Institutional Trading of Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd raised its position in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% during the 2nd quarter, according to its most recent disclosure with the SEC. 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 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.61% of the company’s stock.

Sify Technologies Company Profile

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.