Sify Technologies (NASDAQ:SIFY) Coverage Initiated at StockNews … – MarketBeat
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Investment analysts at StockNews.com initiated coverage on shares of Sify Technologies (NASDAQ:SIFY – Get Rating) in a note issued to investors on Monday. The brokerage set a “hold” rating on the technology company’s stock.
Sify Technologies Stock Performance
SIFY stock opened at $1.15 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.98 and a quick ratio of 0.84. Sify Technologies has a 12 month low of $1.05 and a 12 month high of $3.53. The firm has a 50-day moving average price of $1.40 and a 200-day moving average price of $1.81.
Institutional Trading of Sify Technologies
Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised 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 worth $289,000 after purchasing an additional 148,127 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Sify Technologies by 19.3% during the first quarter. Envestnet Asset Management Inc. now owns 122,198 shares of the technology company’s stock worth $365,000 after purchasing an additional 19,756 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Sify Technologies by 67.9% in the first quarter. Bank of America Corp DE now owns 24,995 shares of the technology company’s stock worth $75,000 after buying an additional 10,108 shares in the last quarter. Institutional investors and hedge funds own 1.20% of the company’s stock.
About Sify Technologies
(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.
Further Reading
- Get a free copy of the StockNews.com research report on Sify Technologies (SIFY)
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