Sify Technologies (NASDAQ:SIFY) Shares Up 6.1% – What’s Next?

Sify Technologies Limited (NASDAQ:SIFY) shot up 6.1% during mid-day trading on Wednesday . The stock traded as high as $14.99 and last traded at $14.89. 25,414 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 82,570 shares. The stock had previously closed at $14.04.

Sify Technologies Trading Down 0.6%

The business’s 50 day simple moving average is $14.69 and its 200-day simple moving average is $13.02. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 1.55.

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

Hedge Funds Weigh In On Sify Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC increased its holdings 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 worth $838,000 after purchasing 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 worth about $50,000. 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 valued at $194,000 after buying an additional 2,244 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in Sify Technologies during the 3rd quarter worth approximately $137,000. Finally, Theleme Partners LLP bought a new position in shares of Sify Technologies during the 3rd quarter worth approximately $13,627,000. 0.61% of the stock is owned by institutional investors.

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.