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 Thursday . The stock has a 200-day moving average of $2.85 and traded as high as $3.08. Sify Technologies shares last traded at $3.08, with a volume of 52,218 shares traded.

Wall Street Analysts Forecast Growth

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

Sify Technologies Stock Performance

The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.95 and a current ratio of 1.08. The company has a 50-day simple moving average of $3.15 and a 200-day simple moving average of $2.85.

Sify Technologies (NASDAQ:SIFY) last released 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 2.13% and a negative net margin of 0.69%. As a group, equities research analysts forecast that Sify Technologies Limited will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd increased its position in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,358 shares of the technology company’s stock after acquiring an additional 38,413 shares during the period. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 as of its most recent SEC filing. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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.