Sify Technologies (NASDAQ:SIFY) Hits New 1-Year High - Here's What Happened

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.

Sify Technologies Limited (NASDAQ:SIFY - ) shares hit 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 Up 0.4%

The company has a market cap of $811.41 million, a price-to-earnings ratio of 282.53 and a beta of 0.98. The company has a current ratio of 0.96, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The business has a fifty day moving average price of $7.07 and a two-hundred day moving average price of $5.42.

Hedge Funds Weigh In On Sify Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in Sify Technologies during the 1st quarter valued at $44,000. XTX Topco Ltd acquired a new position in Sify Technologies during the 2nd quarter valued at $50,000. Schroder Investment Management Group raised its stake in 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 purchasing an additional 2,244 shares during the last quarter. CSS LLC IL acquired a new position in Sify Technologies during the 4th quarter valued at $135,000. Finally, Acadian Asset Management LLC raised its stake 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 valued at $838,000 after purchasing an additional 84,958 shares during the last quarter. Institutional investors own 0.61% of the company's stock.

Sify Technologies Company Profile

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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