Shares of Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) saw strong trading volume on Thursday . 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 Up 5.5%
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 capitalization of $625.83 million, a price-to-earnings ratio of 216.25 and a beta of 0.92. The firm has a 50-day moving average price of $5.36 and a two-hundred day moving average price of $4.72.
Institutional Trading of Sify Technologies
Hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in Sify Technologies during the 1st quarter worth $44,000. XTX Topco Ltd bought a new stake in Sify Technologies during the 4th quarter worth approximately $32,000. CSS LLC IL bought a new position in shares of Sify Technologies in the fourth quarter valued at approximately $135,000. Finally, Acadian Asset Management LLC lifted its stake in Sify Technologies by 75.4% in the first 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. 0.61% of the stock is 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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