Sify Technologies (NASDAQ:SIFY - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Sunday.
Shares of Sify Technologies stock opened at $3.88 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.03 and a quick ratio of 0.89. The business has a fifty day simple moving average of $0.99 and a two-hundred day simple moving average of $0.90. Sify Technologies has a 12 month low of $1.82 and a 12 month high of $12.30.
A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd lifted its holdings in Sify Technologies Limited (NASDAQ:SIFY - Free Report) by 226.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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.
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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