Sify Technologies (NASDAQ:SIFY) Sees Strong Trading Volume - Here's Why

Key Points

• Sify Technologies experienced a significant trading volume increase of 77% on Thursday, with approximately 149,711 shares traded compared to the previous session.
• The stock price of Sify Technologies is currently at $8.40, reflecting a decrease of 5.7% from its previous close of $8.48.
• Recent institutional activity shows increased interest, with major investors like XTX Topco Ltd and Acadian Asset Management LLC making notable acquisitions this quarter.

Sify Technologies Limited (NASDAQ:SIFY - ) shares saw unusually-high trading volume on Thursday . Approximately 149,711 shares were traded during mid-day trading, an increase of 77% from the previous session's volume of 84,552 shares.The stock last traded at $8.40 and had previously closed at $8.48.

Sify Technologies Stock Down 5.7%

The firm has a 50-day moving average of $5.17 and a two-hundred day moving average of $4.59. The firm has a market cap of $578.51 million, a price-to-earnings ratio of 202.75 and a beta of 0.92. The company has a current ratio of 0.96, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new stake in shares of Sify Technologies during the 4th quarter worth approximately $32,000. CSS LLC IL bought a new stake in shares of Sify Technologies during the fourth quarter worth approximately $135,000. Virtu Financial LLC acquired a new stake in shares of Sify Technologies in the 1st quarter valued at approximately $44,000. Finally, Acadian Asset Management LLC lifted its holdings in Sify Technologies by 75.4% during the first quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company's stock worth $838,000 after acquiring an additional 84,958 shares in the last quarter. Institutional investors and hedge funds own 0.61% of the company's stock.

About Sify Technologies

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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