Sify Technologies Stock to Reverse Split on Friday, October 4th (NASDAQ:SIFY)

Shares of Sify Technologies Limited (NASDAQ:SIFY) are set to reverse split on the morning of Friday, October 4th. The 1-6 reverse split was announced on Wednesday, September 18th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 3rd.

Sify Technologies Price Performance

Shares of SIFY stock opened at $0.36 on Wednesday. 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 fifty-two week low of $0.30 and a fifty-two week high of $2.05. The stock’s 50-day moving average is $0.39 and its two-hundred day moving average is $0.77.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Sify Technologies in a research report on Thursday, September 26th. They issued a “sell” rating on the stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd lifted its stake in shares of Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,358 shares of the technology company’s stock after acquiring an additional 38,413 shares during the quarter. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.61% of the company’s stock.

About Sify Technologies

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.