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

Sify Technologies Limited (NASDAQ:SIFY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.12 and traded as high as $12.80. Sify Technologies shares last traded at $12.55, with a volume of 28,604 shares.

Analyst Ratings Changes

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

Sify Technologies Trading Up 0.2%

The firm’s 50 day simple moving average is $11.53 and its 200 day simple moving average is $10.12. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 1.55.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Theleme Partners LLP purchased a new stake in shares of Sify Technologies in the third quarter valued at $13,627,000. Acadian Asset Management LLC raised 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 valued at $838,000 after buying an additional 84,958 shares during the period. Schroder Investment Management Group lifted its stake in Sify Technologies by 5.6% in the 2nd 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 in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in Sify Technologies during the 3rd quarter worth about $273,000. Finally, XTX Topco Ltd purchased a new position in Sify Technologies during the 2nd quarter valued at about $50,000. 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.