Sify Technologies (NASDAQ:SIFY) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Sify Technologies Limited (NASDAQ:SIFY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.05 and traded as high as $15.10. Sify Technologies shares last traded at $15.05, with a volume of 22,454 shares.

Sify Technologies Stock Up 3.5%

The company has a debt-to-equity ratio of 1.55, a current ratio of 0.88 and a quick ratio of 0.74. The stock has a 50-day simple moving average of $13.46 and a two-hundred day simple moving average of $12.05.

Sify Technologies (NASDAQ:SIFY) last announced its 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. Sell-side analysts forecast that Sify Technologies Limited will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Sify Technologies

Several institutional investors have recently bought and sold shares of the business. Schroder Investment Management Group raised its position in 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 period. Renaissance Technologies LLC grew its stake in Sify Technologies by 22.2% in the 4th quarter. Renaissance Technologies LLC now owns 19,800 shares of the technology company’s stock worth $241,000 after acquiring an additional 3,600 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in Sify Technologies during the 3rd quarter worth $137,000. XTX Topco Ltd purchased a new stake in Sify Technologies in the second quarter worth about $50,000. Finally, Lighthouse Investment Partners LLC purchased a new position in Sify Technologies during the third quarter valued at approximately $273,000. 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.