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Sify Technologies (NASDAQ:SIFY) Hits New 12-Month High - Time to Buy?

Sify Technologies logo with Computer and Technology background

Key Points

  • Sify Technologies Limited reached a new 52-week high, trading at $11.57 before closing at $11.19 with a trading volume of 2,449 shares.
  • The company has a market cap of $811.41 million and a high price-to-earnings ratio of 282.53.
  • Recent activity showed increasing interest from institutional investors, with stakes raised by firms such as Acadian Asset Management by 75.4% in the 1st quarter.
  • Five stocks to consider instead of Sify Technologies.

Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $11.57 and last traded at $11.19, with a volume of 2449 shares changing hands. The stock had previously closed at $11.17.

Sify Technologies Stock Down 0.3%

The business's 50 day moving average price is $7.78 and its 200-day moving average price is $5.65. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.96 and a quick ratio of 0.82. The company has a market cap of $844.32 million, a P/E ratio of 291.75 and a beta of 0.99.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SIFY. CSS LLC IL bought a new position in Sify Technologies in the 4th quarter worth approximately $135,000. Virtu Financial LLC bought a new stake in shares of Sify Technologies during the 1st quarter valued at $44,000. Acadian Asset Management LLC raised its position in shares of 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 acquiring an additional 84,958 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Sify Technologies during the 2nd quarter valued at $50,000. Finally, Schroder Investment Management Group raised its position in shares of Sify Technologies by 5.6% during the 2nd quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company's stock valued at $194,000 after acquiring an additional 2,244 shares during the last quarter. Institutional investors own 0.61% of the company's stock.

About Sify Technologies

(Get Free Report)

Sify Technologies Limited offers ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The company offers internet, internet protocol, multi-protocol label switching, virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, dedicated internet access, and proactive monitoring and management of the network and devices.

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