Sify Technologies (NASDAQ:SIFY) Earns Hold Rating from Analysts … – MarketBeat
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Stock analysts at StockNews.com began coverage on shares of Sify Technologies (NASDAQ:SIFY – Get Rating) in a research report issued on Sunday. The firm set a “hold” rating on the technology company’s stock.
Sify Technologies Stock Up 1.8 %
Shares of SIFY stock opened at $1.12 on Friday. Sify Technologies has a 52-week low of $1.07 and a 52-week high of $3.53. The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $1.46 and a two-hundred day simple moving average of $1.84.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in shares of Sify Technologies by 19.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 122,198 shares of the technology company’s stock valued at $365,000 after acquiring an additional 19,756 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Sify Technologies by 166,434.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 148,216 shares of the technology company’s stock valued at $289,000 after buying an additional 148,127 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of 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 buying an additional 10,108 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Sify Technologies by 25.8% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 49,845 shares of the technology company’s stock valued at $149,000 after buying an additional 10,234 shares in the last quarter. 1.20% of the stock is owned by institutional investors.
Sify Technologies Company Profile
(Get Rating)
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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