Sify Technologies (NASDAQ:SIFY) coverage Initiated by analysts at StockNews.com

StockNews.com equities analysts began reporting shares of Sify Technologies (NASDAQ:SIFY – Get Valuation) in a report published on Monday. The brokerage firm gave the tech company’s stock a “hold” rating.

Sify Technologies stock performance

NASDAQ SIFY opened at $1.58 on Monday. The company has a 50-day moving average of $1.81 and a 200-day moving average of $2.06. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt to equity ratio of 0.54. Sify Technologies has a 1 year low of $1.52 and a 1 year high of $4.00.

Institutional Trading by Sify Technologies

Several hedge funds have recently changed their holdings of SIFY. Bank of America Corp DE increased its stake in Sify Technologies by 67.9% in the first quarter. Bank of America Corp DE now owns 24,995 shares of the tech company, valued at $75,000, after acquiring an additional 10,108 shares last quarter. Mercer Global Advisors Inc. ADV increased its stake in Sify Technologies by 25.8% in the first quarter. Mercer Global Advisors Inc. ADV now owns 49,845 shares of the technology company, valued at $149,000, after purchasing an additional 10,234 shares last quarter. JPMorgan Chase & Co. increased its stake in Sify Technologies by 166,434.8% in the second quarter. JPMorgan Chase & Co. now owns 148,216 shares of the tech company, valued at $289,000, after purchasing an additional 148,127 shares last quarter. Envestnet Asset Management Inc. increased its stake in Sify Technologies by 19.3% in the first quarter. Envestnet Asset Management Inc. now owns 122,198 shares of the tech company, valued at $365,000, after acquiring an additional 19,756 shares last quarter. Finally, Pinnacle Associates Ltd. increased its stake in Sify Technologies by 33.0% in the first quarter. Pinnacle Associates Ltd. now owns 224,635 shares of the tech company, valued at $672,000, after purchasing an additional 55,750 shares last quarter. Institutional investors and hedge funds own 1.38% of the company’s shares.

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 provides internet, internet protocol and multiprotocol label switching, virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail language, managed services, dedicated internet access, and proactive monitoring and management of the network and devices .

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