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Sify Technologies (NASDAQ:SIFY) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Sify Technologies logo with Computer and Technology background

Key Points

  • Sify Technologies stock has crossed above its 200-day moving average of $7.30, trading as high as $13.87 before last settling at $12.99.
  • Despite the recent price movement, Weiss Ratings has maintained a "sell (d)" rating on Sify Technologies, with a current consensus rating of "Sell" from Wall Street analysts.
  • Recent activity from institutional investors includes significant purchases, with Acadian Asset Management increasing its stake by 75.4% in the first quarter.
  • Five stocks to consider instead of Sify Technologies.

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 $7.30 and traded as high as $13.87. Sify Technologies shares last traded at $12.99, with a volume of 236,550 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Sify Technologies in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Sell".

Read Our Latest Research Report on SIFY

Sify Technologies Stock Down 1.5%

The business has a 50-day moving average of $11.68 and a 200-day moving average of $7.30. 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 stock has a market capitalization of $939.83 million, a price-to-earnings ratio of 324.75 and a beta of 1.03.

Hedge Funds Weigh In On Sify Technologies

Institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Sify Technologies in the 1st quarter valued at about $44,000. XTX Topco Ltd acquired a new position in Sify Technologies in 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 grew its position in Sify Technologies by 75.4% in the 1st quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company's stock valued at $838,000 after acquiring an additional 84,958 shares in the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

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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