Sify Technologies (NASDAQ:SIFY) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Sify Technologies' stock price has recently crossed above its 200-day moving average, reaching as high as $8.55 during trading, with the last recorded price at $8.46.
• The company has a market cap of $612.08 million and a price-to-earnings ratio of 211.50, indicating significant growth potential but also a high valuation relative to earnings.
• Notable institutional investors, including Acadian Asset Management, have increased their stakes in Sify Technologies, reflecting growing investor interest.

Sify Technologies Limited (NASDAQ:SIFY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.81 and traded as high as $8.55. Sify Technologies shares last traded at $8.46, with a volume of 102,274 shares traded.

Sify Technologies Trading Down 0.9%

The company has a fifty day simple moving average of $5.70 and a two-hundred day simple moving average of $4.90. The company has a market capitalization of $619.32 million, a P/E ratio of 212.75 and a beta of 0.92. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.96 and a quick ratio of 0.82.

Institutional Investors Weigh In On Sify Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new position in shares of Sify Technologies in the fourth quarter valued at approximately $32,000. Virtu Financial LLC acquired a new position in Sify Technologies in the 1st quarter valued at $44,000. CSS LLC IL acquired a new position in Sify Technologies during the 4th quarter worth $135,000. Schroder Investment Management Group boosted its holdings in Sify Technologies by 5.6% during the second quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company's stock valued at $194,000 after acquiring an additional 2,244 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of 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 currently owned by institutional investors and hedge funds.

Sify Technologies Company Profile

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.