Sify Technologies (NASDAQ:SIFY) Stock Passes Above 200 Day Moving Average – Here’s Why

Sify Technologies Limited (NASDAQ:SIFY)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.56 and traded as high as $12.20. Sify Technologies shares last traded at $11.97, with a volume of 29,228 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sify Technologies in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Sify Technologies Trading Up 0.7%

The company’s 50 day simple moving average is $11.56 and its 200-day simple moving average is $9.56. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.74 and a current ratio of 0.88.

Institutional Investors Weigh In On Sify Technologies

Large investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group raised its stake in Sify Technologies by 5.6% during the 2nd quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company’s stock valued at $194,000 after buying an additional 2,244 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of Sify Technologies in the third quarter worth $137,000. XTX Topco Ltd purchased a new stake in Sify Technologies during the second quarter valued at $50,000. Lighthouse Investment Partners LLC bought a new position in Sify Technologies in the third quarter valued at about $273,000. Finally, Acadian Asset Management LLC boosted its position in Sify Technologies by 75.4% in the first 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 last quarter. Institutional investors own 0.61% of the company’s stock.

Sify Technologies Company Profile

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.