Equity analysts from StockNews.com began reporting shares of Sify Technologies (NASDAQ:SIFY – Get Valuation) in a research paper published on Tuesday. The brokerage firm gave the tech company’s stock a “hold” rating.
Price performance from Sify Technologies
SIFY stock opened at $2.00 on Tuesday. The company has a debt to equity ratio of 0.54, a quick ratio of 0.93 and a current ratio of 1.04. The company has a 50-day moving average price of $2.18 and a 200-day moving average price of $2.37. Sify Technologies has a 1 year low of $1.87 and a 1 year high of $4.00.
Institutional Trading by Sify Technologies
Several institutional investors and hedge funds have recently changed their positions in SIFY. JPMorgan Chase & Co. increased its stake in Sify Technologies shares 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. Pinnacle Associates Ltd. increased its stake in Sify Technologies shares by 33.0% in the first quarter. Pinnacle Associates Ltd. now owns 224,635 shares of the technology company, valued at $672,000, after purchasing an additional 55,750 shares last quarter. Envestnet Asset Management Inc. increased its stake in Sify Technologies stock by 75.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 102,442 shares of the tech company, valued at $331,000, after purchasing an additional 43,900 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. Finally, 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 $75,000 tech company after buying another 10,108 shares last quarter. 1.38% of the shares are currently owned by institutional investors.
Company Profile of Sify Technologies
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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