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

StockNews.com began coverage on shares of Sify Technologies (NASDAQ:SIFY) in a report released on Saturday. The brokerage 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 research report on Friday, February 2nd.

Sify Technologies Stock Performance

Shares of NASDAQ:SIFY opened at $1.19 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.10 and a debt-to-equity ratio of 0.84. Sify Technologies has a 12-month low of $1.07 and a 12-month high of $3.37. The business’s 50 day moving average is $1.29 and its 200 day moving average is $1.49.

Hedge Funds Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. Acadian Asset Management LLC increased its stake in shares of Sify Technologies Limited (NASDAQ:SIFY) by 100.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 509,303 shares of the technology company’s stock after buying an additional 255,050 shares during the period. Acadian Asset Management LLC owned about 0.28% of Sify Technologies worth $928,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.61% of the company’s stock.

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.