Sify Technologies (NASDAQ:SIFY) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Sify Technologies (NASDAQ:SIFY) in a report released on Saturday morning. The brokerage issued a hold rating on the technology company’s stock.

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

Sify Technologies Price Performance

Shares of NASDAQ:SIFY opened at $1.19 on Friday. Sify Technologies has a 52 week low of $1.07 and a 52 week high of $3.37. The firm has a fifty day simple moving average of $1.29 and a two-hundred day simple moving average of $1.49. 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

A hedge fund recently raised its stake in Sify Technologies stock. Acadian Asset Management LLC increased its position in shares of Sify Technologies Limited (NASDAQ:SIFY) by 100.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 509,303 shares of the technology company’s stock after purchasing an additional 255,050 shares during the period. Acadian Asset Management LLC owned approximately 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 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.