Sify Technologies (NASDAQ:SIFY - Get Free Report) announced its earnings results on Friday. The technology company reported ($999.00) earnings per share (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 8.59% and a negative net margin of 2.83%. The company had revenue of $161.04 million for the quarter, compared to analyst estimates of $161.00 million.
Sify Technologies Stock Performance
Shares of SIFY traded up $0.27 during midday trading on Monday, reaching $5.84. The stock had a trading volume of 68,878 shares, compared to its average volume of 273,239. The firm has a market cap of $422.16 million, a PE ratio of 145.25 and a beta of 1.03. 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 firm has a 50 day simple moving average of $4.78 and a 200-day simple moving average of $4.31. Sify Technologies has a one year low of $1.84 and a one year high of $5.90.
Institutional Trading of Sify Technologies
A hedge fund recently raised its stake in Sify Technologies stock. Acadian Asset Management LLC lifted its position in shares of Sify Technologies Limited (NASDAQ:SIFY - Free Report) by 75.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,563 shares of the technology company's stock after buying an additional 84,958 shares during the quarter. Acadian Asset Management LLC owned about 0.65% of Sify Technologies worth $838,000 at the end of the most recent reporting period. 0.61% of the stock is owned by institutional investors and hedge funds.
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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