Research on Sify Technologies (NASDAQ:SIFY) started at StockNews.com

In a research note released Saturday, analysts at StockNews.com included a coverage universe that included shares of Sify Technologies (NASDAQ: SIFY). The organization gave the information technology company a “hold” rating.

Recently, several hedge funds have, among other things, adjusted their current holdings in SIFY to reflect the various new positions they have taken. One of the company’s accomplishments was a 67.9 percent increase in Sify Technologies’ stake in which Bank of America Corp DE invested during the first quarter. After purchasing 10,108 additional shares last quarter, Bank of America Corp DE now owns 24,995 shares of the tech company, equivalent to $75,000. This brings the total number of shares owned by the company to 24,995. During the first three months of 2018, Mercer Global Advisors Inc. ADV’s shareholding increased by 25.8 percent thanks to the company’s purchase of additional shares. Mercer Global Advisors Inc. ADV now owns a total of 49,845 shares of the technology company after acquiring an additional 10,234 shares last quarter. Based on the stock’s current price, the investment firm’s holdings are worth approximately $149,000. JPMorgan Chase & Co. increased its shareholdings in Sify Technologies by 166,434.8% in the second quarter of the year. JPMorgan Chase & Co. now owns 148,216 shares of technology companies, which are valued at $289,000 after acquiring an additional 148,127 shares last quarter. Envestnet Asset Management Inc. increased its stake in Sify Technologies by 19.3 percent in the first three months of this year. Envestnet Asset Management Inc. currently owns 122,198 shares, or a value of $360,000, in the aforementioned technology company. This was accomplished by purchasing an additional 19,756 shares during the most recent fiscal quarter to achieve the desired result.
Last but not least, Pinnacle Associates Ltd. its stake in Sify Technologies by a total of 33.0% in the first quarter. This should certainly not be viewed as the least important development. Pinnacle Associates Ltd. now owns a direct interest of 224,635 shares in the technology company, which is valued at $722,000. This resulted from the company’s purchase of an additional 55,750 shares in the last quarter of the fiscal year. Institutions currently hold 1.38 percent of the company’s shares.
When trading began on Friday, a share of SIFY stock was priced at $1.64, the price at which the stock was offered for sale. The company’s price has fluctuated between $1.94 and $2.17 over the past fifty to two hundred trading days, with the moving average being $1.94. Sify Technologies recorded a price of $1.52 as an all-time low over the past year while hitting $4.00 as an all-time high. The quick ratio is 0.93, the current ratio is 1.04 and the debt-to-equity ratio is 0.54. All three ratios are very similar to each other. Furthermore, each of the three ratios is very close to being identical to the other two.
Sify Technologies Limited is a global provider of integrated information and communications technology solutions and services with a primary focus on India. The company is divided into three distinct business units, individually referred to as Network Centric Services, Data Center Services and Digital Services. Network Centric Services offers products and services including managed Wi-Fi, IoT, wholesale and retail voice services, managed services, dedicated internet access, and proactive network and device monitoring and management. Other products and services include managed services. In addition, it offers managed services, Internet, Internet Protocol and Multi-Protocol Label Switching (MPLS), virtual private networks and SDWAN.

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