Sify Technologies (NASDAQ:SIFY) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Sify Technologies Limited (NASDAQ:SIFY) crossed 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.

Sify Technologies Stock Down 1.4%

The company’s fifty day moving average price is $14.56 and its two-hundred day moving average price is $12.85. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 1.55.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SIFY. XTX Topco Ltd acquired a new stake in Sify Technologies in the 2nd quarter valued at approximately $50,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of Sify Technologies in the third quarter valued at approximately $137,000. Schroder Investment Management Group lifted its position in shares of Sify Technologies by 5.6% in the second 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. Renaissance Technologies LLC boosted its holdings in Sify Technologies by 22.2% during the fourth quarter. Renaissance Technologies LLC now owns 19,800 shares of the technology company’s stock worth $241,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new position in Sify Technologies during the third quarter worth $273,000. 0.61% of the stock is currently owned by 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.