Sify Technologies (NASDAQ:SIFY) Shares Down 4.2% – What’s Next?

Shares of Sify Technologies Limited (NASDAQ:SIFY) dropped 4.2% during trading on Friday . The stock traded as low as $13.86 and last traded at $13.9550. Approximately 35,780 shares changed hands during trading, a decline of 33% from the average daily volume of 53,659 shares. The stock had previously closed at $14.57.

Analyst Ratings Changes

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

Sify Technologies Trading Up 2.9%

The firm’s 50-day moving average price is $11.67 and its two-hundred day moving average price is $10.29. 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 Trading of Sify Technologies

Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC boosted its position 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 worth $838,000 after buying an additional 84,958 shares during the period. XTX Topco Ltd acquired a new stake in Sify Technologies during the 2nd quarter worth about $50,000. Schroder Investment Management Group boosted its position in Sify Technologies by 5.6% during 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 during the period. Baader Bank Aktiengesellschaft purchased a new position in Sify Technologies during the 3rd quarter valued at about $137,000. Finally, Theleme Partners LLP acquired a new position in shares of Sify Technologies in the 3rd quarter valued at about $13,627,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

About Sify Technologies

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.