Sify Technologies (NASDAQ:SIFY) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Sify Technologies Limited (NASDAQ:SIFY)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.29 and traded as high as $9.94. Sify Technologies shares last traded at $9.83, with a volume of 265,336 shares traded.

Sify Technologies Price Performance

The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.96. The company has a market capitalization of $711.20 million, a PE ratio of 245.75 and a beta of 0.99. The company’s 50-day simple moving average is $6.72 and its 200-day simple moving average is $5.29.

Institutional Trading of Sify Technologies

Several hedge funds have recently made changes to their positions in SIFY. CSS LLC IL acquired a new stake in shares of Sify Technologies in the fourth quarter valued at about $135,000. Virtu Financial LLC acquired a new stake in shares of Sify Technologies in the first quarter valued at about $44,000. Acadian Asset Management LLC lifted its stake in shares of Sify Technologies by 75.4% in the first quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company’s stock valued at $838,000 after purchasing an additional 84,958 shares during the period. XTX Topco Ltd acquired a new position in Sify Technologies during the second quarter worth about $50,000. Finally, Schroder Investment Management Group raised its position 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 worth $194,000 after acquiring an additional 2,244 shares during the last quarter. Institutional investors and hedge funds own 0.61% of the company’s stock.

About Sify Technologies

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.