Sify Technologies (NASDAQ:SIFY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Sify Technologies Limited (NASDAQ:SIFY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.59 and traded as high as $14.83. Sify Technologies shares last traded at $14.52, with a volume of 77,470 shares trading hands.

Sify Technologies Stock Up 8.8%

The business’s 50 day simple moving average is $13.05 and its 200 day simple moving average is $11.63. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.74 and a current ratio of 0.88.

Sify Technologies (NASDAQ:SIFY) last released its quarterly earnings results on Monday, January 12th. The technology company reported ($0.05) earnings per share (EPS) for the quarter. Sify Technologies had a negative net margin of 3.70% and a negative return on equity of 15.90%. The firm had revenue of $128.86 million for the quarter. Sell-side analysts predict that Sify Technologies Limited will post 0.01 EPS for the current year.

Hedge Funds Weigh In On Sify Technologies

A number of large investors have recently made changes to their positions in SIFY. Theleme Partners LLP acquired a new stake in shares of Sify Technologies during the third quarter worth approximately $13,627,000. Acadian Asset Management LLC boosted its stake in shares of 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 buying an additional 84,958 shares during the period. Schroder Investment Management Group grew its holdings in shares of 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 acquiring an additional 2,244 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of Sify Technologies during the third quarter worth $273,000. Finally, XTX Topco Ltd purchased a new stake in shares of Sify Technologies during the second quarter worth $50,000. 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.