Sify Technologies (NASDAQ:SIFY) Trading Down 4% – Time to Sell?

Shares of Sify Technologies Limited (NASDAQ:SIFY) dropped 4% on Tuesday . The stock traded as low as $12.27 and last traded at $12.2250. Approximately 27,526 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 110,547 shares. The stock had previously closed at $12.73.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Sify Technologies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Sify Technologies presently has an average rating of “Sell”.

Sify Technologies Price Performance

The business has a 50 day moving average price of $11.52 and a two-hundred day moving average price of $9.78. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.88 and a quick ratio of 0.74.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SIFY. XTX Topco Ltd purchased a new stake in Sify Technologies during the second quarter worth $50,000. Baader Bank Aktiengesellschaft acquired a new stake in Sify Technologies during the third quarter valued at $137,000. Schroder Investment Management Group increased its holdings in Sify Technologies by 5.6% in the 2nd quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company’s stock worth $194,000 after acquiring an additional 2,244 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of Sify Technologies in the third quarter valued at approximately $273,000. Finally, 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 worth $838,000 after acquiring an additional 84,958 shares during the last quarter. 0.61% of the stock is currently owned by institutional investors.

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.