Sify Technologies (NASDAQ:SIFY) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Sify Technologies Limited (NASDAQ:SIFY)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.59 and traded as high as $14.83. Sify Technologies shares last traded at $14.52, with a volume of 77,470 shares changing hands.

Sify Technologies Stock Up 8.8%

The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 1.55. The business’s 50-day moving average price is $13.05 and its 200-day moving average price is $11.59.

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

Institutional Trading of Sify Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC boosted 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 purchasing an additional 84,958 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Sify Technologies during the 2nd quarter worth about $50,000. Schroder Investment Management Group raised its stake in shares of 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 purchasing an additional 2,244 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in shares of Sify Technologies during the 3rd quarter valued at about $137,000. Finally, Theleme Partners LLP bought a new stake in shares of Sify Technologies in the 3rd quarter valued at approximately $13,627,000. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

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.