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

Sify Technologies Limited (NASDAQ:SIFY)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.14 and traded as high as $14.50. Sify Technologies shares last traded at $14.06, with a volume of 51,559 shares traded.

Sify Technologies Stock Performance

The company’s fifty day moving average is $14.67 and its two-hundred day moving average is $13.14. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 1.55.

Sify Technologies (NASDAQ:SIFY) last posted its quarterly earnings results on Monday, January 12th. The technology company reported ($0.05) 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, analysts predict 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 institutional investors and hedge funds have recently modified their holdings of SIFY. Schonfeld Strategic Advisors LLC acquired a new stake in Sify Technologies in the fourth quarter valued at $400,000. Renaissance Technologies LLC boosted its holdings in Sify Technologies by 22.2% in the fourth quarter. Renaissance Technologies LLC now owns 19,800 shares of the technology company’s stock valued at $241,000 after purchasing an additional 3,600 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in Sify Technologies in the third quarter valued at approximately $273,000. Theleme Partners LLP purchased a new position in Sify Technologies in the third quarter valued at approximately $13,627,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in Sify Technologies in the third quarter valued at approximately $137,000. 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.