Sify Technologies (NASDAQ:SIFY) Shares Gap Up – Still a Buy?

Sify Technologies Limited (NASDAQ:SIFY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $16.01, but opened at $16.95. Sify Technologies shares last traded at $16.6950, with a volume of 4,018 shares trading hands.

Sify Technologies Stock Down 6.7%

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 has a 50-day simple moving average of $15.01 and a 200 day simple moving average of $13.97.

Hedge Funds Weigh In On Sify Technologies

Large investors have recently bought and sold shares of the company. Theleme Partners LLP bought a new position in shares of Sify Technologies during the third quarter worth about $13,627,000. Acadian Asset Management LLC raised its position in shares of Sify Technologies by 75.4% during the first quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company’s stock worth $838,000 after acquiring an additional 84,958 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Sify Technologies during the fourth quarter worth about $400,000. Lighthouse Investment Partners LLC bought a new position in shares of Sify Technologies during the third quarter worth about $273,000. Finally, XTX Topco Ltd bought a new position in shares of Sify Technologies during the second quarter worth about $50,000. 0.61% of the stock is currently owned by institutional investors.

Sify Technologies Company Profile

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.