Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) traded up 8.7% during trading on Friday . The stock traded as high as $16.80 and last traded at $16.93. 35,553 shares changed hands during trading, a decline of 65% from the average session volume of 101,054 shares. The stock had previously closed at $15.57.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Sify Technologies in a research note on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sify Technologies presently has an average rating of "Sell".
Check Out Our Latest Analysis on SIFY
Sify Technologies Trading Up 7.3%
The company has a market capitalization of $1.21 billion, a P/E ratio of 417.75 and a beta of 1.03. The business has a fifty day moving average of $10.69 and a 200-day moving average of $6.76. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.96.
Hedge Funds Weigh In On Sify Technologies
Large investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in Sify Technologies in the 1st quarter worth approximately $44,000. XTX Topco Ltd purchased a new position in Sify Technologies in the 2nd quarter worth approximately $50,000. Schroder Investment Management Group increased its stake in Sify Technologies by 5.6% in the 2nd quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company's stock worth $194,000 after purchasing an additional 2,244 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Sify Technologies by 75.4% in the 1st quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company's stock worth $838,000 after purchasing an additional 84,958 shares during the period. 0.61% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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