Sify Technologies (NASDAQ:SIFY) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Sify Technologies Limited (NASDAQ:SIFY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.95 and traded as high as $4.39. Sify Technologies shares last traded at $4.39, with a volume of 154,075 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sify Technologies from a “sell” rating to a “hold” rating in a research report on Monday, October 28th.

Sify Technologies Price Performance

The firm has a 50-day moving average price of $3.26 and a two-hundred day moving average price of $2.97. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.95.

Sify Technologies (NASDAQ:SIFY) last announced its earnings results on Friday, January 17th. The technology company reported ($999.00) earnings per share (EPS) for the quarter. Sify Technologies had a negative return on equity of 2.85% and a negative net margin of 0.69%. As a group, sell-side analysts predict that Sify Technologies Limited will post 0.01 EPS for the current year.

Institutional Trading of Sify Technologies

Several large investors have recently bought and sold shares of the business. CSS LLC IL acquired a new position in Sify Technologies during the 4th quarter valued at about $135,000. XTX Topco Ltd purchased a new stake in shares of Sify Technologies during the 4th quarter valued at $32,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Sify Technologies in the 4th quarter valued at $124,000. 0.61% of the stock is owned by institutional investors and hedge funds.

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.