Shares of Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.29 and traded as high as $9.94. Sify Technologies shares last traded at $9.83, with a volume of 265,336 shares changing hands.
Sify Technologies Trading Up 9.2%
The firm has a market capitalization of $808.15 million, a PE ratio of 279.25 and a beta of 0.98. The company has a quick ratio of 0.82, a current ratio of 0.96 and a debt-to-equity ratio of 1.40. The stock's fifty day simple moving average is $7.07 and its 200 day simple moving average is $5.42.
Institutional Trading of Sify Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in Sify Technologies during the first quarter valued at approximately $44,000. XTX Topco Ltd purchased a new stake in Sify Technologies during the second quarter valued at approximately $50,000. Schroder Investment Management Group increased 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 buying an additional 2,244 shares during the last quarter. CSS LLC IL purchased a new stake in Sify Technologies during the fourth quarter valued at approximately $135,000. Finally, Acadian Asset Management LLC increased its holdings 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 valued at $838,000 after buying an additional 84,958 shares during the last quarter. 0.61% of the stock is owned by hedge funds and other institutional investors.
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.
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