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

Sify Technologies logo with Computer and Technology background

Key Points

  • Sify Technologies' stock price has recently exceeded its 200-day moving average of $6.11, trading as high as $11.91.
  • The company's market capitalization is approximately $857.35 million, with a P/E ratio of 296.25.
  • Several institutional investors, including Virtu Financial LLC and Acadian Asset Management LLC, have significantly increased their stakes in Sify Technologies this year.
  • MarketBeat previews top five stocks to own in October.

Sify Technologies Limited (NASDAQ:SIFY - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.11 and traded as high as $11.91. Sify Technologies shares last traded at $11.85, with a volume of 113,569 shares traded.

Sify Technologies Price Performance

The stock has a market cap of $857.35 million, a P/E ratio of 296.25 and a beta of 0.99. The firm has a 50-day moving average price of $9.06 and a 200-day moving average price of $6.11. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.82 and a current ratio of 0.96.

Institutional Trading of Sify Technologies

Several institutional investors have recently added to or reduced their stakes in SIFY. Virtu Financial LLC purchased a new position in shares of Sify Technologies in the 1st quarter worth $44,000. XTX Topco Ltd purchased a new position in Sify Technologies during the second quarter valued at $50,000. Schroder Investment Management Group lifted its position 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 purchasing an additional 2,244 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position 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 purchasing an additional 84,958 shares in the last quarter. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

About Sify Technologies

(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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