Sify Technologies (NASDAQ:SIFY) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Sify Technologies Limited (NASDAQ:SIFY)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.95 and traded as high as $4.39. Sify Technologies shares last traded at $4.39, with a volume of 154,075 shares.

Wall Street Analysts Forecast Growth

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

Sify Technologies Trading Up 7.6 %

The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.32. The firm’s fifty day simple moving average is $3.26 and its two-hundred day simple moving average is $2.97.

Sify Technologies (NASDAQ:SIFY) last issued its earnings results on Friday, January 17th. The technology company reported ($999.00) earnings per share for the quarter. Sify Technologies had a negative return on equity of 2.85% and a negative net margin of 0.69%. On average, equities research analysts predict 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 business. CSS LLC IL acquired a new stake in Sify Technologies in the fourth quarter valued at $135,000. SBI Securities Co. Ltd. acquired a new stake in shares of Sify Technologies in the 4th quarter worth approximately $124,000. Finally, XTX Topco Ltd purchased a new stake in Sify Technologies in the 4th quarter valued at approximately $32,000. 0.61% of the stock is currently owned by institutional investors and hedge funds.

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.