Sify Technologies (NASDAQ:SIFY) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Sify Technologies Limited (NASDAQ:SIFY) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.85 and traded as high as $3.08. Sify Technologies shares last traded at $3.08, with a volume of 52,218 shares changing hands.

Analyst Upgrades and Downgrades

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

Sify Technologies Stock Up 5.2 %

The firm’s fifty day simple moving average is $3.14 and its 200 day simple moving average is $2.85. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.32.

Sify Technologies (NASDAQ:SIFY) last posted its quarterly earnings results on Friday, January 17th. The technology company reported ($999.00) earnings per share 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, research analysts expect that Sify Technologies Limited will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Sify Technologies

A hedge fund recently raised its stake in Sify Technologies stock. XTX Topco Ltd lifted its stake in shares of Sify Technologies Limited (NASDAQ:SIFY) by 226.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,358 shares of the technology company’s stock after buying an additional 38,413 shares during the quarter. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 at the end of the most recent reporting period. Institutional investors own 0.61% of the company’s stock.

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.