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

Sify Technologies Limited (NASDAQ:SIFY)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.56 and traded as high as $12.20. Sify Technologies shares last traded at $11.97, with a volume of 29,228 shares trading hands.

Wall Street Analyst Weigh In

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

Sify Technologies Trading Up 4.0%

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 50-day simple moving average is $11.53 and its two-hundred day simple moving average is $9.58.

Hedge Funds Weigh In On Sify Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Theleme Partners LLP acquired a new stake in shares of Sify Technologies in the third quarter worth $13,627,000. Acadian Asset Management LLC lifted 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 valued at $838,000 after purchasing an additional 84,958 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in Sify Technologies in the third quarter valued at $273,000. XTX Topco Ltd acquired a new stake in Sify Technologies during the 2nd quarter worth about $50,000. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Sify Technologies during the 3rd quarter worth about $137,000. Hedge funds and other institutional investors 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.