Sify Technologies (NASDAQ:SIFY) Share Price Crosses Above 200-Day Moving Average - Here's Why

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) shares passed 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 trading hands.

Sify Technologies Trading Down 2.8%

The firm has a market cap of $594.72 million, a P/E ratio of 205.50 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. The stock has a 50 day moving average of $5.62 and a 200 day moving average of $4.85.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SIFY. CSS LLC IL bought a new stake in shares of Sify Technologies in the fourth quarter worth about $135,000. XTX Topco Ltd bought a new stake in shares of Sify Technologies in the 4th quarter worth approximately $32,000. Schroder Investment Management Group boosted its position in shares of Sify Technologies by 5.6% in the 2nd quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company's stock worth $194,000 after purchasing an additional 2,244 shares in the last quarter. Acadian Asset Management LLC lifted its position in Sify Technologies by 75.4% in 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. Finally, Virtu Financial LLC bought a new position in Sify Technologies in the 1st quarter valued at approximately $44,000. Institutional investors own 0.61% of the company's stock.

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.