Sify Technologies (NASDAQ:SIFY) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of Sify Technologies Limited (NASDAQ:SIFY) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of 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 market capitalization of $134.16 million, a price-to-earnings ratio of 109.75, a P/E/G ratio of 17.75 and a beta of 1.49. The stock has a 50 day simple moving average of $3.23 and a 200 day simple moving average of $2.95. 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 released its quarterly earnings data on Friday, January 17th. The technology company reported ($999.00) earnings per share (EPS) for the quarter. Sify Technologies had a negative net margin of 0.69% and a negative return on equity of 2.85%. As a group, analysts anticipate that Sify Technologies Limited will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Sify Technologies

A hedge fund recently bought a new stake in Sify Technologies stock. XTX Topco Ltd purchased a new stake in Sify Technologies Limited (NASDAQ:SIFY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,041 shares of the technology company’s stock, valued at approximately $32,000. 0.61% of the stock is currently 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.