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

Sify Technologies Limited (NASDAQ:SIFY)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.19 and traded as high as $13.88. Sify Technologies shares last traded at $13.74, with a volume of 19,952 shares.

Sify Technologies Stock Performance

The stock’s 50-day moving average is $14.49 and its 200-day moving average is $13.19. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.74 and a current ratio of 0.88.

Sify Technologies (NASDAQ:SIFY) last issued its quarterly earnings results on Monday, January 12th. The technology company reported ($0.05) earnings per share for the quarter. The company had revenue of $128.86 million during the quarter. Sify Technologies had a negative net margin of 3.70% and a negative return on equity of 15.90%. Analysts predict that Sify Technologies Limited will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Sify Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Theleme Partners LLP acquired a new position in Sify Technologies in the 3rd quarter valued at approximately $13,627,000. Acadian Asset Management LLC grew its holdings in shares of Sify Technologies by 75.4% during the 1st 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. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Sify Technologies during the 4th quarter worth approximately $400,000. Lighthouse Investment Partners LLC bought a new stake in shares of Sify Technologies during the third quarter valued at approximately $273,000. Finally, XTX Topco Ltd bought a new stake in shares of Sify Technologies during the second quarter valued at approximately $50,000. 0.61% of the stock is owned by institutional investors and hedge funds.

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.