Sify Technologies (NASDAQ:SIFY) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Sify Technologies Limited (NASDAQ:SIFY) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.39 and traded as high as $4.55. Sify Technologies shares last traded at $4.48, with a volume of 16,703 shares trading hands.

Sify Technologies Stock Performance

The firm has a market capitalization of $136.92 million, a price-to-earnings ratio of 112.00, a P/E/G ratio of 26.80 and a beta of 1.38. The company has a 50-day moving average price of $4.10 and a 200-day moving average price of $3.39. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.32.

Sify Technologies (NASDAQ:SIFY) last announced its quarterly 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, equities research analysts forecast that Sify Technologies Limited will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Sify Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in shares of Sify Technologies during the 4th quarter worth about $32,000. SBI Securities Co. Ltd. bought a new stake in Sify Technologies during the fourth quarter worth approximately $124,000. Finally, CSS LLC IL bought a new stake in Sify Technologies during the fourth quarter worth approximately $135,000. 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.