Sify Technologies (NASDAQ:SIFY) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• The shares of Sify Technologies Limited crossed above their 200-day moving average, reaching a high of $14.98 before closing at $14.67.
• Weiss Ratings has reissued a "sell" rating for Sify Technologies, with the stock currently holding a consensus rating of "Sell."
• Institutional investors have been active, with firms like Virtu Financial LLC and Acadian Asset Management LLC significantly increasing their stakes in Sify Technologies.

Shares of Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.56 and traded as high as $14.98. Sify Technologies shares last traded at $14.67, with a volume of 233,539 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Sify Technologies in a research note on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of "Sell".

Sify Technologies Stock Performance

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 stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 366.75 and a beta of 1.03. The firm's fifty day moving average price is $10.14 and its 200 day moving average price is $6.56.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of Sify Technologies in the 1st quarter valued at $44,000. XTX Topco Ltd purchased a new position in Sify Technologies during the 2nd quarter valued at about $50,000. Schroder Investment Management Group grew its position in Sify Technologies by 5.6% in the 2nd 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 in the last quarter. Finally, Acadian Asset Management LLC increased its stake 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 purchasing an additional 84,958 shares during the period. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

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.

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