Sify Technologies (NASDAQ:SIFY) Shares Down 4.2% – Time to Sell?

Sify Technologies Limited (NASDAQ:SIFY) shares were down 4.2% during mid-day trading on Friday . The company traded as low as $13.86 and last traded at $13.9550. Approximately 35,780 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 53,659 shares. The stock had previously closed at $14.57.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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 MarketBeat, the stock presently has a consensus rating of “Sell”.

Sify Technologies Stock Performance

The business’s 50-day moving average is $11.60 and its two-hundred day moving average is $10.17. The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 1.55.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SIFY. Baader Bank Aktiengesellschaft bought a new stake in Sify Technologies in the 3rd quarter worth $137,000. XTX Topco Ltd purchased a new stake in shares of Sify Technologies during the second quarter worth about $50,000. Lighthouse Investment Partners LLC bought a new stake in shares of Sify Technologies in the third quarter worth about $273,000. Schroder Investment Management Group increased its holdings in Sify Technologies by 5.6% during the 2nd quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company’s stock valued at $194,000 after purchasing an additional 2,244 shares during the period. Finally, Acadian Asset Management LLC raised 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 valued at $838,000 after purchasing an additional 84,958 shares during the last quarter. Hedge funds and other 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.