Sify Technologies (NASDAQ:SIFY) Coverage Initiated by Analysts at StockNews.com – MarketBeat
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Equities research analysts at StockNews.com started coverage on shares of Sify Technologies (NASDAQ:SIFY – Get Rating) in a research report issued on Monday. The firm set a “hold” rating on the technology company’s stock.
Sify Technologies Trading Up 2.4 %
Sify Technologies stock opened at $2.10 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. Sify Technologies has a 12-month low of $1.87 and a 12-month high of $4.00. The firm’s fifty day moving average is $2.17 and its 200 day moving average is $2.41.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its stake in Sify Technologies by 75.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 102,442 shares of the technology company’s stock valued at $331,000 after purchasing an additional 43,900 shares in the last quarter. Acadian Asset Management LLC increased its stake in Sify Technologies by 40.6% during the 4th quarter. Acadian Asset Management LLC now owns 299,786 shares of the technology company’s stock valued at $966,000 after purchasing an additional 86,507 shares in the last quarter. JPMorgan Chase & Co. increased its stake in 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 purchasing an additional 148,127 shares in the last quarter. Bank of America Corp DE increased its stake 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 in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in 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 purchasing an additional 10,234 shares in the last quarter. Institutional investors and hedge funds own 1.38% of the company’s stock.
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.
Read More
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