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

Sify Technologies Limited (NASDAQ:SIFY)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.09 and traded as high as $15.50. Sify Technologies shares last traded at $14.98, with a volume of 58,976 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Sify Technologies in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Sify Technologies Trading Up 0.9%

The stock has a fifty day simple moving average of $12.41 and a 200-day simple moving average of $11.09. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 1.55.

Sify Technologies (NASDAQ:SIFY) last posted its quarterly earnings data on Monday, January 12th. The technology company reported ($0.05) earnings per share for the quarter. The business had revenue of $128.86 million during the quarter. Sify Technologies had a negative net margin of 3.70% and a negative return on equity of 15.90%. Research analysts expect that Sify Technologies Limited will post 0.01 EPS for the current fiscal year.

Institutional Trading of Sify Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Theleme Partners LLP bought a new position in shares of Sify Technologies during the 3rd quarter worth about $13,627,000. Acadian Asset Management LLC grew its position in Sify Technologies by 75.4% during the first quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company’s stock worth $838,000 after buying an additional 84,958 shares in the last quarter. Schroder Investment Management Group increased its stake in Sify Technologies by 5.6% during the second quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company’s stock valued at $194,000 after acquiring an additional 2,244 shares during the period. Lighthouse Investment Partners LLC acquired a new position in Sify Technologies in the 3rd quarter valued at approximately $273,000. Finally, XTX Topco Ltd bought a new stake in shares of Sify Technologies in the 2nd quarter worth approximately $50,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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.