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

Sify Technologies logo with Computer and Technology background

Sify Technologies Limited (NASDAQ:SIFY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.81 and traded as high as $4.89. Sify Technologies shares last traded at $4.66, with a volume of 73,984 shares changing hands.

Sify Technologies Stock Down 5.0%

The company has a fifty day moving average price of $4.37 and a 200-day moving average price of $3.85. The stock has a market capitalization of $155.87 million, a P/E ratio of 127.50, a PEG ratio of 26.80 and a beta of 1.00. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.32.

Institutional Trading of Sify Technologies

Hedge funds have recently modified their holdings of the company. XTX Topco Ltd purchased a new position in shares of Sify Technologies in the fourth quarter valued at $32,000. Virtu Financial LLC bought a new stake in shares of Sify Technologies in the 1st quarter worth about $44,000. SBI Securities Co. Ltd. purchased a new stake in shares of Sify Technologies during the 4th quarter valued at about $124,000. CSS LLC IL bought a new position in shares of Sify Technologies in the 4th quarter valued at about $135,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of 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 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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