Sify Technologies (NASDAQ:SIFY) Trading Down 3.8% - What's Next?

Key Points

• Sify Technologies' stock price has decreased by 3.8% to $11.75, following a trading session with a volume of 49,981 shares, which is significantly below its average daily volume of 96,923 shares.
• The company's market capitalization stands at $845.05 million with a notably high PE ratio of 292.00 and a debt-to-equity ratio of 1.40.
• Recent activity from institutional investors shows Acadian Asset Management LLC increasing its stake by 75.4%, highlighting growing interest in Sify Technologies.

Shares of Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) fell 3.8% on Thursday . The stock traded as low as $11.82 and last traded at $11.75. 49,981 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 96,923 shares. The stock had previously closed at $12.22.

Sify Technologies Stock Up 1.0%

The firm has a 50 day simple moving average of $7.93 and a two-hundred day simple moving average of $5.72. The company has a market capitalization of $879.78 million, a PE ratio of 304.00 and a beta of 0.98. The company has a current ratio of 0.96, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40.

Institutional Trading of Sify Technologies

Institutional investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new stake in shares of Sify Technologies in the first quarter valued at approximately $44,000. XTX Topco Ltd purchased a new stake in shares of Sify Technologies in the second quarter valued at approximately $50,000. Schroder Investment Management Group boosted its stake in shares of Sify Technologies by 5.6% in 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 in the last quarter. CSS LLC IL purchased a new stake in shares of Sify Technologies in the fourth quarter valued at approximately $135,000. Finally, Acadian Asset Management LLC boosted its stake in shares of 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. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

Sify Technologies Company Profile

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.