StockNews.com upgraded shares of Sify Technologies (NASDAQ:SIFY – Free Report) from a sell rating to a hold rating in a research report released on Monday.
Sify Technologies Stock Performance
Shares of Sify Technologies stock opened at $3.40 on Monday. The firm’s fifty day simple moving average is $2.74 and its 200-day simple moving average is $3.94. Sify Technologies has a 12 month low of $1.82 and a 12 month high of $12.30. The stock has a market capitalization of $623.33 million, a price-to-earnings ratio of 85.00, a PEG ratio of 17.10 and a beta of 1.52. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.03 and a quick ratio of 0.89.
Institutional Investors Weigh In On Sify Technologies
An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd boosted its stake in Sify Technologies Limited (NASDAQ:SIFY – Free Report) by 226.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,358 shares of the technology company’s stock after acquiring an additional 38,413 shares during the period. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 as of its most recent SEC filing. 0.61% of the stock is currently owned by institutional investors and hedge funds.
Sify Technologies Company Profile
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.
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