Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $7.65 and last traded at $7.63, with a volume of 165344 shares trading hands. The stock had previously closed at $6.60.
Sify Technologies Price Performance
The firm has a 50 day simple moving average of $5.29 and a 200-day simple moving average of $4.67. The company has a quick ratio of 0.82, a current ratio of 0.96 and a debt-to-equity ratio of 1.40. The company has a market cap of $593.27 million, a PE ratio of 205.00 and a beta of 0.92.
Hedge Funds Weigh In On Sify Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CSS LLC IL purchased a new position in Sify Technologies in the fourth quarter valued at about $135,000. XTX Topco Ltd acquired a new stake in Sify Technologies in the fourth quarter worth about $32,000. Acadian Asset Management LLC boosted its holdings in Sify Technologies by 75.4% in the first quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company's stock worth $838,000 after acquiring an additional 84,958 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Sify Technologies during the 1st quarter worth approximately $44,000. Hedge funds and other institutional investors own 0.61% of the company's stock.
About Sify Technologies
(
Get Free Report)
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.
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