Sify Technologies (NASDAQ:SIFY) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Sify Technologies Limited (NASDAQ:SIFY)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.06 and traded as high as $4.72. Sify Technologies shares last traded at $4.42, with a volume of 179,691 shares trading hands.

Sify Technologies Stock Down 7.3 %

The stock has a market cap of $135.08 million, a price-to-earnings ratio of 110.50, a PEG ratio of 26.80 and a beta of 1.49. The business’s 50 day moving average is $3.43 and its 200-day moving average is $3.06. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.95 and a current ratio of 1.08.

Sify Technologies (NASDAQ:SIFY) last announced 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 net margin of 0.69% and a negative return on equity of 2.85%. On average, sell-side analysts predict that Sify Technologies Limited will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Sify Technologies

Several large investors have recently bought and sold shares of SIFY. XTX Topco Ltd purchased a new position in shares of Sify Technologies in the fourth quarter valued at approximately $32,000. SBI Securities Co. Ltd. acquired a new position in Sify Technologies in the 4th quarter valued at $124,000. Finally, CSS LLC IL acquired a new position in Sify Technologies in the 4th quarter valued at $135,000. 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.