Sify Technologies (NASDAQ:SIFY) Trading 7.1% Higher - Should You Buy?

Key Points

• Sify Technologies shares increased by 7.1% on Monday, trading as high as $13.87, with a current price of $13.80 after closing at $12.89.
• The company has a market capitalization of $1.00 billion, a high P/E ratio of 347.25, and a debt-to-equity ratio of 1.40.
• Several institutional investors have recently increased their stakes, with Acadian Asset Management raising its stake by 75.4% in the first quarter.

Shares of Sify Technologies Limited (NASDAQ:SIFY - ) traded up 7.1% on Monday . The company traded as high as $13.87 and last traded at $13.80. 49,481 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 98,106 shares. The stock had previously closed at $12.89.

Sify Technologies Trading Up 7.8%

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 $1.00 billion, a P/E ratio of 347.25 and a beta of 0.98. The stock has a 50-day moving average price of $9.20 and a two-hundred day moving average price of $6.19.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its stake 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 buying an additional 84,958 shares during the last quarter. Schroder Investment Management Group raised its stake 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 buying an additional 2,244 shares during the last quarter. XTX Topco Ltd purchased a new position in Sify Technologies during the second quarter valued at $50,000. Finally, Virtu Financial LLC purchased a new position in Sify Technologies during the first quarter valued at $44,000. Hedge funds and other institutional investors own 0.61% of the company's stock.

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.

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