Sify Technologies Limited (NASDAQ:SIFY) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in Sify Technologies Limited (NASDAQ:SIFY) by 39.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,120 shares of the technology company’s stock after selling 11,565 shares during the quarter. Rhumbline Advisers owned about 0.06% of Sify Technologies worth $78,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new position in shares of Sify Technologies during the fourth quarter worth about $124,000. XTX Topco Ltd acquired a new stake in Sify Technologies during the 4th quarter worth approximately $32,000. Finally, CSS LLC IL purchased a new position in shares of Sify Technologies in the 4th quarter valued at approximately $135,000. 0.61% of the stock is owned by hedge funds and other institutional investors.

Sify Technologies Price Performance

Sify Technologies stock opened at $4.74 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.96 and a quick ratio of 0.82. The business has a 50 day simple moving average of $4.60 and a 200-day simple moving average of $4.09. Sify Technologies Limited has a 12 month low of $1.82 and a 12 month high of $5.71. The stock has a market capitalization of $342.94 million, a PE ratio of 118.50 and a beta of 1.06.

About Sify Technologies

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.