Sify Technologies (NASDAQ:SIFY) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Sify Technologies' stock price recently **crossed above its 200-day moving average**, reaching a high of **$8.56** before last trading at **$8.48**.
• The company has reported a **28.5% increase in stock price**, with a current market cap of **$613.53 million** and a **P/E ratio of 212.00**.
• **Institutional investors** are increasingly investing in Sify, with notable purchases from CSS LLC IL and Acadian Asset Management, contributing to **0.61% of the stock** being owned by such investors.

Sify Technologies Limited (NASDAQ:SIFY - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.59 and traded as high as $8.56. Sify Technologies shares last traded at $8.48, with a volume of 671,847 shares changing hands.

Sify Technologies Stock Performance

The firm's fifty day moving average price is $5.29 and its 200-day moving average price is $4.68. 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 market cap of $623.66 million, a price-to-earnings ratio of 215.50 and a beta of 0.92.

Institutional Trading of Sify Technologies

Large investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in Sify Technologies during the 4th quarter worth $32,000. Virtu Financial LLC purchased a new position in Sify Technologies during the 1st quarter valued at about $44,000. CSS LLC IL purchased a new position in Sify Technologies during the 4th quarter valued at about $135,000. Finally, Acadian Asset Management LLC increased its holdings 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 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.