Sify Technologies (NASDAQ:SIFY) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Sify Technologies Limited (NASDAQ:SIFY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.39 and traded as high as $4.55. Sify Technologies shares last traded at $4.48, with a volume of 16,703 shares traded.

Sify Technologies Stock Up 11.9 %

The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.32. The firm’s 50 day simple moving average is $4.15 and its 200 day simple moving average is $3.41. The company has a market cap of $146.09 million, a price-to-earnings ratio of 119.50, a price-to-earnings-growth ratio of 26.80 and a beta of 1.38.

Sify Technologies (NASDAQ:SIFY) last posted its earnings results on Friday, January 17th. The technology company reported ($999.00) EPS for the quarter. Sify Technologies had a negative net margin of 0.69% and a negative return on equity of 2.85%. Sell-side analysts anticipate that Sify Technologies Limited will post 0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Sify Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new stake in shares of Sify Technologies in the 4th quarter worth approximately $32,000. SBI Securities Co. Ltd. bought a new stake in Sify Technologies during the fourth quarter worth approximately $124,000. Finally, CSS LLC IL acquired a new stake in Sify Technologies in the fourth quarter worth approximately $135,000. Institutional investors own 0.61% of the company’s stock.

About Sify Technologies

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.