Sify Technologies (NASDAQ:SIFY - Get Free Report) posted its quarterly earnings results on Friday. The technology company reported ($999.00) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($998.99), Zacks reports. Sify Technologies had a negative return on equity of 8.70% and a negative net margin of 2.20%.
Sify Technologies Price Performance
Shares of Sify Technologies stock traded down $0.22 during trading on Friday, reaching $5.57. 308,857 shares of the company's stock were exchanged, compared to its average volume of 273,557. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.96. Sify Technologies has a 1-year low of $1.84 and a 1-year high of $5.95. The company has a market cap of $402.99 million, a P/E ratio of 139.25 and a beta of 1.03. The firm's 50-day moving average price is $4.78 and its 200 day moving average price is $4.29.
Hedge Funds Weigh In On Sify Technologies
An institutional investor recently raised its position in Sify Technologies stock. Acadian Asset Management LLC boosted its position in Sify Technologies Limited (NASDAQ:SIFY - Free Report) by 75.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,563 shares of the technology company's stock after purchasing an additional 84,958 shares during the period. Acadian Asset Management LLC owned 0.65% of Sify Technologies worth $838,000 at the end of the most recent quarter. 0.61% of the stock is currently owned by institutional investors and hedge funds.
Sify Technologies Company Profile
(
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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