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

Sify Technologies Limited (NASDAQ:SIFY)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.14 and traded as high as $14.50. Sify Technologies shares last traded at $14.06, with a volume of 51,559 shares.

Sify Technologies Trading Down 3.1%

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 company has a 50-day moving average price of $14.64 and a 200-day moving average price of $13.15.

Sify Technologies (NASDAQ:SIFY) last posted its quarterly earnings data on Monday, January 12th. The technology company reported ($0.05) EPS for the quarter. The company had revenue of $128.86 million for the quarter. Sify Technologies had a negative return on equity of 15.90% and a negative net margin of 3.70%. On average, equities analysts anticipate that Sify Technologies Limited will post 0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Sify Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Schroder Investment Management Group grew its stake 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 acquiring an additional 2,244 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Sify Technologies by 22.2% during the 4th quarter. Renaissance Technologies LLC now owns 19,800 shares of the technology company’s stock worth $241,000 after purchasing an additional 3,600 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in shares of Sify Technologies during the third quarter worth $137,000. XTX Topco Ltd acquired a new stake in shares of Sify Technologies during the second quarter worth $50,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in shares of Sify Technologies in the third quarter valued at $273,000. 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.