Sify Technologies (NASDAQ:SIFY) Stock Price Up 3.7%

Sify Technologies Limited (NASDAQ:SIFY)’s stock price shot up 3.7% on Friday . The stock traded as high as $3.79 and last traded at $3.60. 6,512 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 1,887,602 shares. The stock had previously closed at $3.47.

Separately, TheStreet lowered shares of Sify Technologies from a “b-” rating to a “c” rating in a research note on Monday, March 22nd.

The business has a 50-day simple moving average of $3.16. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.30.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in shares of Sify Technologies by 16.3% during the 4th quarter. Renaissance Technologies LLC now owns 628,230 shares of the technology company’s stock worth $798,000 after buying an additional 88,100 shares in the last quarter. Greenhaven Road Investment Management L.P. acquired a new stake in Sify Technologies in the fourth quarter worth approximately $34,000. Acadian Asset Management LLC bought a new position in Sify Technologies during the 1st quarter valued at $505,000. Geode Capital Management LLC bought a new stake in shares of Sify Technologies in the 1st quarter worth $38,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Sify Technologies in the first quarter valued at $113,000. Hedge funds and other institutional investors own 1.64% of the company’s stock.

Sify Technologies Company Profile (NASDAQ:SIFY)

Sify Technologies Limited provides integrated ICT solutions and services in India and internationally. The company operates in five segments: Telecom Services, Data Center Services, Cloud and Managed Services, Technology Integration Services, and Applications Integration Services. The Telecom Services segment offers internet protocol based virtual private network services, including intranets, extranets, and remote access applications; and last mile connectivity services.

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