Sify Technologies (NASDAQ:SIFY) Shares Cross Above 200-Day Moving Average of $1.35

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Sify Technologies Limited (NASDAQ:SIFY) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.35 and traded as high as $1.36. Sify Technologies shares last traded at $1.34, with a volume of 10,659 shares traded.

Several equities research analysts have weighed in on SIFY shares. Zacks Investment Research cut Sify Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, November 23rd. ValuEngine raised Sify Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th.

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.05 and a quick ratio of 0.97. The business has a 50-day moving average of $1.33 and a 200-day moving average of $1.35. The company has a market capitalization of $52.40 million, a P/E ratio of 13.40, a P/E/G ratio of 0.94 and a beta of 1.10.

Institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC lifted its holdings in shares of Sify Technologies by 105.7% in the 2nd quarter. Citadel Advisors LLC now owns 25,740 shares of the technology company’s stock worth $36,000 after acquiring an additional 13,226 shares during the last quarter. Mondrian Investment Partners LTD purchased a new stake in Sify Technologies in the 3rd quarter worth about $50,000. Finally, River & Mercantile Asset Management LLP raised its position in Sify Technologies by 24.1% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 142,323 shares of the technology company’s stock worth $194,000 after purchasing an additional 27,623 shares during the period. 4.02% of the stock is currently owned by institutional investors and hedge funds.

Sify Technologies Company Profile (NASDAQ:SIFY)

Sify Technologies Ltd. engages in the provision of integrated Internet, network, and electronic commerce services in India. It operates through the following segments: Telecom-centric Services, and Data Center-centric Information Technology Services. The Telecom-centric Services segment includes domestic data, international data wholesale voice, and network managed services.

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