Shares of Sify Technologies Limited (NASDAQ:SIFY – Free Report) are going to reverse split on Friday, October 4th. The 1-6 reverse split was announced on Wednesday, September 18th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 3rd.
Sify Technologies Price Performance
Shares of NASDAQ SIFY opened at $0.36 on Wednesday. Sify Technologies has a 12 month low of $0.30 and a 12 month high of $2.05. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.84. The business has a fifty day simple moving average of $0.39 and a 200-day simple moving average of $0.77.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on Sify Technologies in a report on Thursday, September 26th. They set a “sell” rating for the company.
Institutional Investors Weigh In On Sify Technologies
A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd boosted its holdings in shares of Sify Technologies Limited (NASDAQ:SIFY – Free Report) by 226.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,358 shares of the technology company’s stock after buying 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 filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.61% of the company’s stock.
About Sify Technologies
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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