Sify Technologies (NASDAQ:SIFY) Stock Rating Lowered by Wall Street Zen

Sify Technologies (NASDAQ:SIFY) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings lowered Sify Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Sify Technologies Price Performance

Shares of SIFY stock opened at $15.80 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.65 and a current ratio of 0.74. The firm’s 50 day moving average is $15.36 and its 200 day moving average is $14.98. Sify Technologies has a 12 month low of $7.40 and a 12 month high of $17.85.

Sify Technologies (NASDAQ:SIFY) last released its quarterly earnings data on Thursday, July 16th. The technology company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Sify Technologies had a negative net margin of 1.97% and a negative return on equity of 9.65%. The company had revenue of $130.13 million during the quarter, compared to the consensus estimate of $188.23 million. As a group, research analysts expect that Sify Technologies will post 0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sify Technologies

A number of large investors have recently modified their holdings of SIFY. GAMMA Investing LLC increased its holdings in Sify Technologies by 59.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,319 shares of the technology company’s stock worth $39,000 after acquiring an additional 863 shares during the period. Parallel Advisors LLC increased its holdings in shares of Sify Technologies by 969.1% in the first quarter. Parallel Advisors LLC now owns 1,935 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,754 shares during the period. Liontrust Investment Partners LLP increased its holdings in shares of Sify Technologies by 6.2% in the first quarter. Liontrust Investment Partners LLP now owns 135,109 shares of the technology company’s stock worth $1,728,000 after purchasing an additional 7,850 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Sify Technologies in the fourth quarter worth $400,000. Finally, Renaissance Technologies LLC raised its position in shares of Sify Technologies by 22.2% in the fourth quarter. Renaissance Technologies LLC now owns 19,800 shares of the technology company’s stock worth $241,000 after buying an additional 3,600 shares in the last quarter. 0.61% of the stock is currently owned by institutional investors.

About Sify Technologies

Sify Technologies Limited is an India‐based provider of integrated information and communications technology solutions, catering primarily to enterprise and government clients. The company’s core offerings include network services, data center hosting, cloud computing, managed security, unified communications, and digital transformation solutions. Sify’s end-to-end portfolio is designed to support critical IT infrastructure, enabling clients to scale operations, improve reliability, and accelerate technology adoption.

In the networking domain, Sify operates a nationwide IP‐MPLS backbone with extensive fiber infrastructure and a global internet peering footprint.