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Sify Technologies (NASDAQ:SIFY) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Sify Technologies logo with Computer and Technology background

Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) shares 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 Analysts Forecast Growth

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

Read Our Latest Analysis on Sify Technologies

Sify Technologies Stock Performance

The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.03. The firm's fifty day simple moving average is $3.25 and its 200 day simple moving average is $3.06.

Hedge Funds Weigh In On Sify Technologies

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd grew its holdings in shares of Sify Technologies Limited (NASDAQ:SIFY - Free Report) by 226.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,358 shares of the technology company's stock after buying an additional 38,413 shares during the quarter. XTX Topco Ltd's holdings in Sify Technologies were worth $25,000 at the end of the most recent reporting period. 0.61% of the stock is owned by institutional investors.

Sify Technologies Company Profile

(Get Free Report)

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.

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