Shares of Sify Technologies Limited (NASDAQ:SIFY – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.79 and traded as high as $17.15. Sify Technologies shares last traded at $16.82, with a volume of 39,428 shares.
Sify Technologies Price Performance
The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 1.55. The business’s 50 day moving average is $14.79 and its 200 day moving average is $13.79.
Hedge Funds Weigh In On Sify Technologies
Large investors have recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in shares of Sify Technologies by 969.1% during the 1st quarter. Parallel Advisors LLC now owns 1,935 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,754 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in shares of Sify Technologies during the 3rd quarter worth about $137,000. XTX Topco Ltd purchased a new position in shares of Sify Technologies during the 2nd quarter worth about $50,000. Renaissance Technologies LLC boosted its stake in shares of Sify Technologies by 22.2% during the 4th 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. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of Sify Technologies during the 3rd quarter worth about $273,000. 0.61% of the stock is owned by hedge funds and other institutional investors.
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.
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