Sify Technologies (NASDAQ:SIFY) Trading Up 10.1% – Time to Buy?

Sify Technologies Limited (NASDAQ:SIFY) shot up 10.1% on Tuesday . The company traded as high as $16.90 and last traded at $16.8950. 76,959 shares were traded during mid-day trading, a decline of 13% from the average session volume of 87,964 shares. The stock had previously closed at $15.35.

Sify Technologies Price Performance

The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 1.55. The stock has a 50-day moving average of $14.05 and a 200 day moving average of $12.41.

Sify Technologies (NASDAQ:SIFY) last announced 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 return on equity of 15.90% and a negative net margin of 3.70%.The firm had revenue of $128.86 million during the quarter. On average, equities research analysts predict that Sify Technologies Limited will post 0.01 EPS for the current year.

Institutional Trading of Sify Technologies

A number of hedge funds have recently made changes to their positions in SIFY. Acadian Asset Management LLC increased 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 buying an additional 84,958 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Sify Technologies during the second quarter valued at $50,000. Schroder Investment Management Group raised its position in shares of Sify Technologies by 5.6% in the 2nd 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 during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in Sify Technologies during the 3rd quarter valued at about $137,000. Finally, Theleme Partners LLP bought a new stake in Sify Technologies during the 3rd quarter valued at about $13,627,000. 0.61% of the stock is 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.