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

Sify Technologies Limited (NASDAQ:SIFY)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.76 and traded as high as $3.04. Sify Technologies shares last traded at $3.02, with a volume of 16,047 shares trading hands.

Analysts Set New Price Targets

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

Sify Technologies Trading Up 1.7 %

The firm has a market capitalization of $92.30 million, a price-to-earnings ratio of 75.50, a price-to-earnings-growth ratio of 16.10 and a beta of 1.44. The business’s fifty day moving average is $3.27 and its 200 day moving average is $2.76. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.84.

Institutional Investors Weigh In On Sify Technologies

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

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.