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

Sify Technologies Limited (NASDAQ:SIFY)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.88 and traded as high as $3.77. Sify Technologies shares last traded at $3.74, with a volume of 143,268 shares changing hands.

Analyst Ratings Changes

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

Sify Technologies Trading Up 5.4 %

The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.32. The company has a 50 day moving average of $3.14 and a 200-day moving average of $2.88.

Sify Technologies (NASDAQ:SIFY) last posted its quarterly earnings data on Friday, January 17th. The technology company reported ($999.00) EPS for the quarter. Sify Technologies had a negative net margin of 0.69% and a negative return on equity of 2.85%. Equities analysts forecast that Sify Technologies Limited will post 0.01 earnings per share for the current year.

Institutional Trading of Sify Technologies

A hedge fund recently bought a new stake in Sify Technologies stock. SBI Securities Co. Ltd. purchased a new position in shares of Sify Technologies Limited (NASDAQ:SIFY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 43,250 shares of the technology company’s stock, valued at approximately $124,000. SBI Securities Co. Ltd. owned 0.14% of Sify Technologies at the end of the most recent reporting period. 0.61% of the stock is currently owned by hedge funds and other institutional investors.

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.