StockNews.com initiated coverage on shares of Sify Technologies (NASDAQ:SIFY – Get Rating) in a report issued on Wednesday. The brokerage issued a hold rating on the technology company's stock.
Sify Technologies Price Performance
Shares of SIFY stock opened at $1.29 on Wednesday. The company's 50-day simple moving average is $1.66 and its two-hundred day simple moving average is $1.61. Sify Technologies has a one year low of $1.05 and a one year high of $3.18. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.84 and a current ratio of 0.98.
Get Sify Technologies alerts:Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of SIFY. HBK Sorce Advisory LLC grew its position in shares of Sify Technologies by 100.0% during the 4th quarter. HBK Sorce Advisory LLC now owns 40,000 shares of the technology company's stock worth $42,000 after buying an additional 20,000 shares in the last quarter. Virtu Financial LLC bought a new position in Sify Technologies during the 4th quarter worth about $50,000. Bank of America Corp DE increased its position in Sify Technologies by 67.9% during the 1st quarter. Bank of America Corp DE now owns 24,995 shares of the technology company's stock valued at $75,000 after purchasing an additional 10,108 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Sify Technologies by 342.1% in the 4th quarter. Renaissance Technologies LLC now owns 84,000 shares of the technology company's stock valued at $97,000 after purchasing an additional 65,000 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Sify Technologies in the 4th quarter worth approximately $207,000. 1.20% of the stock is currently owned by hedge funds and other institutional investors.
Sify Technologies Company Profile
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Sify Technologies Ltd. engages in the provision of integrated Internet, network, and electronic commerce services in India. It operates through the following segments: Network-centric Services, and Data Center-centric Information Technology Services. The Network-centric Services segment includes domestic data, international data wholesale voice, and network managed services.
Further Reading
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