Sify Technologies (NASDAQ:SIFY) Cut to “Sell” at StockNews.com

by · The Cerbat Gem

Sify Technologies (NASDAQ:SIFY – Get Free Report) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

Sify Technologies Stock Performance

Sify Technologies stock opened at $3.60 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Sify Technologies has a 12-month low of $1.82 and a 12-month high of $12.30. The business’s 50-day simple moving average is $0.99 and its 200 day simple moving average is $0.89.

Institutional Investors Weigh In On Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd grew its stake in Sify Technologies Limited (NASDAQ:SIFY – Free Report) by 226.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,358 shares of the technology company’s stock after acquiring 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 quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.

Sify Technologies Company Profile

(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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