Sify Technologies (NASDAQ:SIFY) Shares Cross Above 200-Day Moving Average – Time to Sell?

Sify Technologies Limited (NASDAQ:SIFY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.05 and traded as high as $15.10. Sify Technologies shares last traded at $15.05, with a volume of 22,454 shares traded.

Sify Technologies Stock Performance

The company has a debt-to-equity ratio of 1.55, a current ratio of 0.88 and a quick ratio of 0.74. The firm’s 50-day simple moving average is $13.54 and its 200 day simple moving average is $12.11.

Sify Technologies (NASDAQ:SIFY) last issued its quarterly earnings results on Monday, January 12th. The technology company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $128.86 million for the quarter. Sify Technologies had a negative return on equity of 15.90% and a negative net margin of 3.70%. Research analysts predict that Sify Technologies Limited will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Baader Bank Aktiengesellschaft purchased a new stake in Sify Technologies in the 3rd quarter worth about $137,000. XTX Topco Ltd bought a new position in Sify Technologies during the second quarter worth about $50,000. Renaissance Technologies LLC boosted its position in Sify Technologies by 22.2% during the fourth quarter. Renaissance Technologies LLC now owns 19,800 shares of the technology company’s stock worth $241,000 after purchasing an additional 3,600 shares during the period. Lighthouse Investment Partners LLC purchased a new position in shares of Sify Technologies in the third quarter worth about $273,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Sify Technologies in the fourth quarter valued at approximately $400,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

About Sify Technologies

Sify Technologies Limited is an India‐based provider of integrated information and communications technology solutions, catering primarily to enterprise and government clients. The company’s core offerings include network services, data center hosting, cloud computing, managed security, unified communications, and digital transformation solutions. Sify’s end-to-end portfolio is designed to support critical IT infrastructure, enabling clients to scale operations, improve reliability, and accelerate technology adoption.

In the networking domain, Sify operates a nationwide IP‐MPLS backbone with extensive fiber infrastructure and a global internet peering footprint.