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Sify Technologies (NASDAQ:SIFY) Stock Price 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) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.01 and traded as high as $5.00. Sify Technologies shares last traded at $4.80, with a volume of 46,867 shares changing hands.

Sify Technologies Stock Down 2.3%

The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.95. The company has a market cap of $143.34 million, a PE ratio of 117.25, a P/E/G ratio of 26.80 and a beta of 1.06. The business's 50 day moving average is $4.50 and its 200-day moving average is $4.01.

Institutional Investors Weigh In On Sify Technologies

Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its stake in Sify Technologies by 75.4% in 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 in the last quarter. Virtu Financial LLC acquired a new position in shares of Sify Technologies in the 1st quarter valued at $44,000. CSS LLC IL purchased a new position in shares of Sify Technologies in the 4th quarter valued at $135,000. XTX Topco Ltd purchased a new position in shares of Sify Technologies in the 4th quarter valued at $32,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Sify Technologies during the 4th quarter worth $124,000. 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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