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

Sify Technologies Limited (NASDAQ:SIFY)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.01 and traded as high as $5.00. Sify Technologies shares last traded at $4.80, with a volume of 46,867 shares changing hands.

Sify Technologies Stock Performance

The firm has a fifty day simple moving average of $4.50 and a 200 day simple moving average of $4.01. 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 stock has a market cap of $146.70 million, a price-to-earnings ratio of 120.00, a PEG ratio of 26.80 and a beta of 1.06.

Hedge Funds Weigh In On Sify Technologies

A number of hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in shares of Sify Technologies in the 1st quarter worth approximately $44,000. XTX Topco Ltd acquired a new position in shares of Sify Technologies in the 4th quarter worth approximately $32,000. SBI Securities Co. Ltd. bought a new stake in Sify Technologies during the 4th quarter worth approximately $124,000. CSS LLC IL bought a new stake in Sify Technologies during the 4th quarter worth approximately $135,000. Finally, Acadian Asset Management LLC grew its position in Sify Technologies by 75.4% during the 1st quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company’s stock worth $838,000 after acquiring an additional 84,958 shares during the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

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.