Sify Technologies (NASDAQ:SIFY - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Monday.
Sify Technologies Price Performance
NASDAQ SIFY traded up $0.07 during mid-day trading on Monday, reaching $3.49. 124,010 shares of the stock were exchanged, compared to its average volume of 294,515. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.84. Sify Technologies has a 1-year low of $1.82 and a 1-year high of $12.30. The business's fifty day simple moving average is $2.66 and its 200 day simple moving average is $4.01.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd raised its stake in shares of Sify Technologies Limited (NASDAQ:SIFY - Free Report) by 226.7% in the 2nd quarter, according to its most recent Form 13F filing 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. 0.61% of the stock is currently owned by institutional investors.
About Sify Technologies
(
Get Free Report)
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.
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