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

Key Points

• Sify Technologies shares have crossed above their 200-day moving average for the first time, trading at approximately $9.83 after reaching a high of $9.94.
• The company’s debt-to-equity ratio stands at 1.40, indicating a reliance on debts for financing, while its market capitalization is $711.20 million.
• Recent institutional activity includes a 75.4% stake increase by Acadian Asset Management, demonstrating growing interest from hedge funds.

Sify Technologies Limited (NASDAQ:SIFY - Get Free Report)'s stock price 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 trading hands.

Sify Technologies Price Performance

The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.96. The company's fifty day simple moving average is $6.94 and its two-hundred day simple moving average is $5.37. The stock has a market capitalization of $808.15 million, a PE ratio of 279.25 and a beta of 0.99.

Institutional Investors Weigh In On Sify Technologies

Hedge funds have recently modified their holdings of the company. CSS LLC IL acquired a new stake in shares of Sify Technologies during the 4th quarter worth about $135,000. Virtu Financial LLC acquired a new stake in shares of Sify Technologies during the 1st quarter worth about $44,000. Schroder Investment Management Group boosted its stake in shares of Sify Technologies by 5.6% during 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 during the last quarter. XTX Topco Ltd acquired a new stake in shares of Sify Technologies during the 2nd quarter worth about $50,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Sify Technologies by 75.4% during the 1st 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 last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

About Sify Technologies

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.