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

Sify Technologies Limited (NASDAQ:SIFY)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.80 and traded as high as $14.37. Sify Technologies shares last traded at $13.95, with a volume of 50,909 shares trading hands.

Sify Technologies Price 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 $14.47 and its 200-day moving average price is $12.80.

Sify Technologies (NASDAQ:SIFY) last issued its earnings results 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 during the quarter. On average, sell-side analysts anticipate that Sify Technologies Limited will post 0.01 EPS for the current year.

Hedge Funds Weigh In On Sify Technologies

A number of hedge funds have recently modified their holdings of the business. Theleme Partners LLP bought a new stake in Sify Technologies in the third quarter valued at approximately $13,627,000. Acadian Asset Management LLC boosted its stake in shares of Sify Technologies by 75.4% in the 1st 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. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Sify Technologies during the fourth quarter worth $400,000. Lighthouse Investment Partners LLC bought a new position in Sify Technologies during the third quarter worth $273,000. Finally, XTX Topco Ltd acquired a new position in Sify Technologies in the second quarter valued at $50,000. 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.