Stocks of Sify Technologies Limited (NASDAQ:SIFY) traded higher last session on Wall Street, up 4.19% to $2.24.
SIFY stock price is now 58.85% away from the 50-day moving average and 13.19% away from the 200-day moving average. The market capitalization of the company currently stands at $392.90M.
With the price target of $4, Maxim Group recently initiated with Buy rating for Sify Technologies Limited (NASDAQ: SIFY). On July 24, 2007, Kaufman Bros reiterated its ‘Hold’ rating on the stock by increasing its target price from $8 to quote $7, while the Kaufman Bros previously rated the stock as ‘Hold’ on July 23, 2007.
A total of 27.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SIFY stock. A new stake in Sify Technologies Limited shares was purchased by HBK SORCE ADVISORY LLC during the first quarter worth $45,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP invested $30,000 in shares of SIFY during the first quarter. In the first quarter, VERITI MANAGEMENT LLC acquired a new stake in Sify Technologies Limited valued at approximately $25,000. ROYAL BANK OF CANADA acquired a new stake in SIFY for approximately $6,000. TOWER RESEARCH CAPITAL LLC (TRC) purchased a new stake in SIFY valued at around $4,000 in the second quarter. In total, there are 39 active investors with 1.20% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $2.1500 for Sify Technologies Limited (NASDAQ: SIFY). During the past 12 months, Sify Technologies Limited has had a low of $1.05 and a high of $3.48. As of last week, the company has a debt-to-equity ratio of 1.21, a current ratio of 1.00, and a quick ratio of 0.90. The fifty day moving average price for SIFY is $1.4232 and a two-hundred day moving average price translates $1.9753 for the stock.
The latest earnings results from Sify Technologies Limited (NASDAQ: SIFY) was released for Sep, 2022. According to the Telecom Services Company, earnings per share came in at $0.03, inline with analysts’ expectations of $0.03. This compares to $0.03 EPS in the same period last year. The net profit margin was 4.20% and return on equity was 9.00% for SIFY. The company reported revenue of $97.33 million for the quarter, compared to $94.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.46 percent. For the current quarter, analysts expect SIFY to generate $90.45M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/16/2019. Investors who held shares on 05/28/2019 were paid a $0.017439 dividend.
Sify Technologies Limited(SIFY) 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. The Data Center Services segment provides co-location services; and managed data center services, such as storage and back-up management, performance monitoring, infrastructure monitoring and management, network availability, server load balancing, managed shared firewall, web server log reporting, and remote and smart hands services. The Digital Services segment offers managed network services; EDGE services; cloud and managed services including cloud and storage solutions, managed services, value added services, domestic and international managed services; and technology integration services include system integration, data centers build, network, security solutions, remote and onsite infrastructure management, managed security services, as well as sale of hardware and software. This segment also offers applications integration services, such as talent management, supply chain management, online assessment, web development, document management, content, digital signature, digital certificate-based authentication, supply chain solutions, content management, sale of digital certificates; and sale, implementation, and maintenance of industry specific applications; supply chain software, and eLearning software development services; and operates web portals. The company was formerly known as Sify Limited and changed its name to Sify Technologies Limited in October 2007. The company was incorporated in 1995 and is headquartered in Chennai, India.