Sify Technologies Limited (NASDAQ:SIFY - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.88 and traded as high as $3.77. Sify Technologies shares last traded at $3.74, with a volume of 143,268 shares changing hands.
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.
Check Out Our Latest Stock Analysis on SIFY
Sify Technologies Trading Down 6.6 %
The firm's fifty day moving average price is $3.16 and its 200 day moving average price is $2.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.95.
Sify Technologies (NASDAQ:SIFY - Get Free Report) last released its quarterly earnings results on Friday, January 17th. The technology company reported ($999.00) earnings per share (EPS) for the quarter. Sify Technologies had a negative net margin of 0.69% and a negative return on equity of 2.85%. On average, equities research analysts predict that Sify Technologies Limited will post 0.01 EPS for the current year.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Sify Technologies stock. SBI Securities Co. Ltd. acquired a new position in Sify Technologies Limited (NASDAQ:SIFY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 43,250 shares of the technology company's stock, valued at approximately $124,000. SBI Securities Co. Ltd. owned 0.14% of Sify Technologies at the end of the most recent reporting period. 0.61% of the stock is owned by hedge funds and other institutional investors.
About Sify Technologies
(
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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