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Sify Technologies (NASDAQ:SIFY) Shares Pass Above 200 Day Moving Average - Should You Sell?

Sify Technologies logo with Computer and Technology background

Shares of Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.75 and traded as high as $4.59. Sify Technologies shares last traded at $4.38, with a volume of 24,559 shares changing hands.

Sify Technologies Stock Up 0.2 %

The firm has a market capitalization of $133.86 million, a PE ratio of 109.50, a PEG ratio of 26.80 and a beta of 1.00. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.32. The stock has a 50 day simple moving average of $4.37 and a 200 day simple moving average of $3.75.

Institutional Investors Weigh In On Sify Technologies

Several institutional investors have recently added to or reduced their stakes in SIFY. XTX Topco Ltd bought a new position in shares of Sify Technologies during the fourth quarter valued at about $32,000. SBI Securities Co. Ltd. bought a new stake in shares of Sify Technologies in the 4th quarter worth approximately $124,000. Finally, CSS LLC IL purchased a new position in shares of Sify Technologies during the fourth quarter valued at approximately $135,000. Hedge funds and other institutional investors own 0.61% of the company's stock.

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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