Sify Technologies (NASDAQ:SIFY) Shares Gap Down – Here’s Why

Sify Technologies Limited (NASDAQ:SIFY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $15.00, but opened at $14.34. Sify Technologies shares last traded at $14.8650, with a volume of 37,328 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Sify Technologies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Sify Technologies Trading Up 6.0%

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 firm has a fifty day moving average price of $11.91 and a two-hundred day moving average price of $10.52.

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 business had revenue of $128.86 million during the quarter. On average, equities research analysts anticipate that Sify Technologies Limited will post 0.01 earnings per share for the current year.

Institutional Trading of Sify Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Theleme Partners LLP bought a new position in Sify Technologies in the third quarter worth approximately $13,627,000. Acadian Asset Management LLC lifted its holdings 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 worth $838,000 after buying an additional 84,958 shares during the period. Lighthouse Investment Partners LLC bought a new position in shares of Sify Technologies during the 3rd quarter worth $273,000. XTX Topco Ltd purchased a new position in shares of Sify Technologies during the second quarter valued at $50,000. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Sify Technologies during the third quarter valued at $137,000. Institutional investors 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.