Sify Technologies (NASDAQ:SIFY) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Sify Technologies Limited (NASDAQ:SIFY) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.01 and traded as high as $15.73. Sify Technologies shares last traded at $15.50, with a volume of 15,723 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SIFY. Weiss Ratings downgraded shares of Sify Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. Wall Street Zen downgraded shares of Sify Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Sify Technologies Stock Performance

The stock has a fifty day moving average of $15.26 and a two-hundred day moving average of $15.02. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.74 and a quick ratio of 0.65.

Sify Technologies (NASDAQ:SIFY) last announced its quarterly earnings results on Thursday, July 16th. The technology company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $130.13 million during the quarter, compared to analyst estimates of $188.23 million. Sify Technologies had a negative return on equity of 9.65% and a negative net margin of 1.97%. As a group, equities research analysts predict that Sify Technologies Limited will post 0.02 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Theleme Partners LLP purchased a new stake in Sify Technologies during the second quarter worth approximately $21,239,000. GAMMA Investing LLC lifted its holdings in shares of Sify Technologies by 59.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,319 shares of the technology company’s stock valued at $39,000 after acquiring an additional 863 shares in the last quarter. Parallel Advisors LLC boosted its position in 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. Liontrust Investment Partners LLP boosted its position in Sify Technologies by 6.2% during the 1st quarter. Liontrust Investment Partners LLP now owns 135,109 shares of the technology company’s stock worth $1,728,000 after purchasing an additional 7,850 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Sify Technologies in the 4th quarter valued at $400,000. Hedge funds and other institutional investors own 0.61% of the company’s stock.

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.