Sify Technologies (NASDAQ:SIFY) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Sify Technologies Limited (NASDAQ:SIFY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.54 and traded as high as $4.00. Sify Technologies shares last traded at $3.88, with a volume of 87,073 shares trading hands.

Sify Technologies Stock Up 2.6 %

The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $118.58 million, a P/E ratio of 97.00, a PEG ratio of 26.80 and a beta of 1.29. The firm’s 50 day moving average price is $4.39 and its two-hundred day moving average price is $3.54.

Sify Technologies (NASDAQ:SIFY) last posted its quarterly earnings results on Friday, January 17th. The technology company reported ($999.00) earnings per share for the quarter. Sify Technologies had a negative net margin of 0.69% and a negative return on equity of 2.85%. Equities research analysts forecast that Sify Technologies Limited will post 0.01 EPS for the current year.

Institutional Trading of Sify Technologies

Several institutional investors have recently added to or reduced their stakes in SIFY. XTX Topco Ltd acquired a new position in Sify Technologies in the 4th quarter valued at $32,000. SBI Securities Co. Ltd. bought a new position in shares of Sify Technologies in the fourth quarter worth $124,000. Finally, CSS LLC IL acquired a new position in Sify Technologies in the fourth quarter valued at about $135,000. 0.61% of the stock is currently owned by institutional investors.

Sify Technologies Company Profile

Sify Technologies Limited offers ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The company offers internet, internet protocol, multi-protocol label switching, virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, dedicated internet access, and proactive monitoring and management of the network and devices.