Sify Technologies (NASDAQ:SIFY) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Sify Technologies Limited (NASDAQ:SIFY) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.54 and traded as high as $4.00. Sify Technologies shares last traded at $3.88, with a volume of 87,073 shares.

Sify Technologies Price Performance

The business’s 50 day moving average is $4.41 and its two-hundred day moving average is $3.56. 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 firm has a market capitalization of $118.89 million, a PE ratio of 97.25, a price-to-earnings-growth ratio of 26.80 and a beta of 1.29.

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

Institutional Investors Weigh In On Sify Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CSS LLC IL bought a new position in shares of Sify Technologies in the fourth quarter valued at approximately $135,000. XTX Topco Ltd purchased a new stake in Sify Technologies in the 4th quarter worth approximately $32,000. Finally, SBI Securities Co. Ltd. bought a new position in Sify Technologies in the 4th quarter valued at $124,000. 0.61% of the stock is currently owned by institutional investors.

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.