Sify Technologies (NASDAQ:SIFY) Shares Gap Up to $2.75

Posted by on Jul 16th, 2023

Sify Technologies Limited (NASDAQ:SIFY – Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $2.75, but opened at $2.85. Sify Technologies shares last traded at $2.86, with a volume of 121,458 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Sify Technologies in a report on Friday, May 26th. They issued a “hold” rating on the stock.

Sify Technologies Trading Down 1.5 %

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.01 and a quick ratio of 0.92. The stock has a 50 day moving average price of $1.57 and a 200-day moving average price of $1.52.

Institutional Trading of Sify Technologies

A number of institutional investors have recently made changes to their positions in SIFY. Millennium Management LLC acquired a new stake in shares of Sify Technologies in the fourth quarter worth approximately $207,000. JPMorgan Chase & Co. grew its holdings in Sify Technologies by 166,434.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 148,216 shares of the technology company’s stock valued at $289,000 after buying an additional 148,127 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Sify Technologies by 342.1% in the 4th quarter. Renaissance Technologies LLC now owns 84,000 shares of the technology company’s stock valued at $97,000 after buying an additional 65,000 shares in the last quarter. Virtu Financial LLC purchased a new stake in Sify Technologies in the 4th quarter valued at $50,000. Finally, HBK Sorce Advisory LLC grew its holdings in Sify Technologies by 100.0% in the 4th quarter. HBK Sorce Advisory LLC now owns 40,000 shares of the technology company’s stock valued at $42,000 after buying an additional 20,000 shares in the last quarter. 0.86% of the stock is owned by institutional investors and hedge funds.

Sify Technologies Company Profile

(Get Free Report)

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 offers internet, internet protocol and multi-protocol label switching virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, managed services, dedicated internet access, and proactive monitoring and management of the network and devices.

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