Sify Technologies (NASDAQ:SIFY) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Sify Technologies (NASDAQ:SIFY) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the technology company’s stock.

Sify Technologies Stock Down 1.6 %

SIFY stock traded down $0.01 during midday trading on Thursday, reaching $0.38. 98,031 shares of the company were exchanged, compared to its average volume of 319,977. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.84. Sify Technologies has a 1-year low of $0.30 and a 1-year high of $2.43. The stock’s 50-day simple moving average is $0.61 and its 200 day simple moving average is $1.07.

Sify Technologies Company Profile

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.