StockNews.com Begins Coverage on Sify Technologies (NASDAQ:SIFY)

StockNews.com began coverage on shares of Sify Technologies (NASDAQ:SIFYFree Report) in a research note published on Wednesday. The firm issued 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.

Check Out Our Latest Research Report on Sify Technologies

Sify Technologies Price Performance

Shares of NASDAQ SIFY opened at $1.10 on Wednesday. The stock has a market capitalization of $201.66 million, a price-to-earnings ratio of 27.50, a PEG ratio of 8.40 and a beta of 1.62. The business has a 50-day moving average of $1.28 and a 200-day moving average of $1.44. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.03 and a quick ratio of 0.89. Sify Technologies has a fifty-two week low of $1.00 and a fifty-two week high of $3.37.

Hedge Funds Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. Acadian Asset Management LLC grew its stake in shares of Sify Technologies Limited (NASDAQ:SIFYFree Report) by 100.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 509,303 shares of the technology company’s stock after acquiring an additional 255,050 shares during the period. Acadian Asset Management LLC owned 0.28% of Sify Technologies worth $928,000 at the end of the most recent quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

About Sify Technologies

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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.

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