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

Sify Technologies Limited (NASDAQ:SIFY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.09 and traded as high as $15.50. Sify Technologies shares last traded at $14.98, with a volume of 58,976 shares.

Wall Street Analysts Forecast Growth

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 MarketBeat.com, Sify Technologies presently has an average rating of “Sell”.

Sify Technologies Stock Performance

The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.74 and a current ratio of 0.88. The firm’s fifty day moving average price is $12.41 and its 200 day moving average price is $11.09.

Sify Technologies (NASDAQ:SIFY) last announced its quarterly earnings data on Monday, January 12th. The technology company reported ($0.05) earnings per share (EPS) for the quarter. Sify Technologies had a negative return on equity of 15.90% and a negative net margin of 3.70%.The firm had revenue of $128.86 million for the quarter. As a group, equities analysts expect that Sify Technologies Limited will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sify Technologies

A number of hedge funds have recently added to or reduced their stakes in SIFY. Baader Bank Aktiengesellschaft bought a new position in Sify Technologies during the third quarter valued at approximately $137,000. XTX Topco Ltd acquired a new position in shares of Sify Technologies during the 2nd quarter worth $50,000. Lighthouse Investment Partners LLC bought a new position in shares of Sify Technologies during the 3rd quarter valued at $273,000. Schroder Investment Management Group lifted its stake in shares of Sify Technologies by 5.6% in the 2nd quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company’s stock valued at $194,000 after purchasing an additional 2,244 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in 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 purchasing an additional 84,958 shares in the last quarter. Institutional investors and hedge funds 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.