Sify Technologies (NASDAQ:SIFY) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Sify Technologies Limited (NASDAQ:SIFY)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.76 and traded as high as $3.04. Sify Technologies shares last traded at $3.02, with a volume of 16,047 shares trading hands.

Wall Street Analysts Forecast Growth

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

Sify Technologies Price Performance

The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03. The stock has a 50-day simple moving average of $3.27 and a 200 day simple moving average of $2.76. The company has a market cap of $92.30 million, a P/E ratio of 75.50, a P/E/G ratio of 16.10 and a beta of 1.44.

Institutional Trading of Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd increased its holdings in shares of Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,358 shares of the technology company’s stock after buying an additional 38,413 shares during the period. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.