Sify Technologies (NASDAQ:SIFY) Trading 5.5% Higher – Still a Buy?

Sify Technologies Limited (NASDAQ:SIFY) shares were up 5.5% during trading on Friday . The company traded as high as $3.48 and last traded at $3.46. Approximately 12,995 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 294,406 shares. The stock had previously closed at $3.28.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Sify Technologies from a “hold” rating to a “sell” rating in a research note on Sunday, October 20th.

Sify Technologies Stock Performance

The stock has a 50 day moving average price of $2.63 and a two-hundred day moving average price of $4.09. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd grew its holdings in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 55,358 shares of the technology company’s stock after purchasing 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 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.