Sify Technologies (NASDAQ:SIFY) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Sify Technologies Limited (NASDAQ:SIFY)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.06 and traded as high as $3.30. Sify Technologies shares last traded at $3.08, with a volume of 115,946 shares trading hands.

Wall Street Analyst Weigh In

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

Sify Technologies Stock Up 4.5 %

The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average price of $3.27 and a 200 day moving average price of $3.02.

Institutional Investors Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd increased its holdings in shares of Sify Technologies Limited (NASDAQ:SIFY) by 226.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,358 shares of the technology company’s stock after acquiring an additional 38,413 shares during the quarter. XTX Topco Ltd’s holdings in Sify Technologies were worth $25,000 as of its most recent SEC filing. 0.61% of the stock is owned by hedge funds and other institutional investors.

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.