Sify Technologies (NASDAQ:SIFY) Upgraded at StockNews.com

StockNews.com upgraded shares of Sify Technologies (NASDAQ:SIFY) from a sell rating to a hold rating in a research note published on Monday.

Sify Technologies Stock Down 1.4 %

Shares of NASDAQ:SIFY opened at $3.40 on Monday. Sify Technologies has a fifty-two week low of $1.82 and a fifty-two week high of $12.30. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.84. The firm’s 50-day simple moving average is $2.74 and its 200-day simple moving average is $3.94. The company has a market cap of $623.33 million, a price-to-earnings ratio of 85.00, a PEG ratio of 17.10 and a beta of 1.52.

Hedge Funds Weigh In On Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd lifted its holdings in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,358 shares of the technology company’s stock after buying 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 SEC filing. 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.