Sify Technologies (NASDAQ:SIFY) Downgraded by StockNews.com

StockNews.com lowered shares of Sify Technologies (NASDAQ:SIFY) from a hold rating to a sell rating in a report issued on Sunday morning.

Sify Technologies Trading Down 2.8 %

Shares of SIFY opened at $3.53 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.03 and a quick ratio of 0.89. Sify Technologies has a 52-week low of $1.82 and a 52-week high of $12.30. The stock’s 50-day simple moving average is $2.58 and its 200 day simple moving average is $4.10.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd increased its position in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,358 shares of the technology company’s stock after buying an additional 38,413 shares during the quarter. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 0.61% of the stock is currently owned by hedge funds and other institutional investors.

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.