Sify Technologies (NASDAQ:SIFY) Shares Gap Down – Time to Sell?

Sify Technologies Limited (NASDAQ:SIFY) gapped down before the market opened on Wednesday . The stock had previously closed at $14.91, but opened at $14.20. Sify Technologies shares last traded at $14.6470, with a volume of 454 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SIFY. Wall Street Zen lowered Sify Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered Sify Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Sify Technologies Stock Performance

The company’s fifty day simple moving average is $14.99 and its 200-day simple moving average is $15.00. The company has a quick ratio of 0.65, a current ratio of 0.74 and a debt-to-equity ratio of 1.23.

Sify Technologies (NASDAQ:SIFY) last issued its quarterly earnings data on Thursday, July 16th. The technology company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Sify Technologies had a negative return on equity of 9.65% and a negative net margin of 1.97%.The firm had revenue of $130.13 million during the quarter, compared to analyst estimates of $188.23 million. Sell-side analysts anticipate that Sify Technologies Limited will post 0.02 EPS for the current year.

Institutional Investors Weigh In On Sify Technologies

Institutional investors have recently added to or reduced their stakes in the business. Theleme Partners LLP acquired a new position in shares of Sify Technologies during the second quarter valued at about $21,239,000. Acadian Asset Management LLC grew its position in Sify Technologies by 75.4% during the 1st quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company’s stock worth $838,000 after purchasing an additional 84,958 shares during the last quarter. Liontrust Investment Partners LLP grew its position in Sify Technologies by 6.2% during the 1st quarter. Liontrust Investment Partners LLP now owns 135,109 shares of the technology company’s stock worth $1,728,000 after purchasing an additional 7,850 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in Sify Technologies during the 2nd quarter valued at approximately $1,262,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Sify Technologies in the fourth quarter worth $400,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

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.