Sify Technologies (NASDAQ:SIFY) Coverage Initiated at

Equities researchers at started coverage on shares of Sify Technologies (NASDAQ:SIFYGet Free Report) in a report issued on Tuesday. The firm set a “hold” rating on the technology company’s stock.

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

Read Our Latest Analysis on Sify Technologies

Sify Technologies Stock Performance

Sify Technologies stock opened at $1.43 on Tuesday. 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 1 year low of $1.16 and a 1 year high of $3.37. The company has a market cap of $261.46 million, a PE ratio of 35.75, a PEG ratio of 6.40 and a beta of 1.62. The company’s 50-day moving average is $1.26 and its two-hundred day moving average is $1.44.

Hedge Funds Weigh In On Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. Acadian Asset Management LLC grew its position in shares of Sify Technologies Limited (NASDAQ:SIFYFree Report) by 100.3% in the third quarter, according to the company in its most recent 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 quarter. Acadian Asset Management LLC owned 0.28% of Sify Technologies worth $928,000 at the end of the most recent reporting period. 0.61% of the stock is owned by hedge funds and other institutional investors.

Sify Technologies Company Profile

(Get Free Report)

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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