Sify Technologies (NASDAQ:SIFY) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Sify Technologies Limited (NASDAQ:SIFY)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.85 and traded as high as $3.08. Sify Technologies shares last traded at $3.08, with a volume of 52,218 shares trading hands.

Analyst Ratings Changes

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

Sify Technologies Stock Performance

The business has a 50 day simple moving average of $3.15 and a two-hundred day simple moving average of $2.85. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.32.

Sify Technologies (NASDAQ:SIFY) last issued its quarterly 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 2.13% and a negative net margin of 0.69%. Analysts expect that Sify Technologies Limited will post 0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sify Technologies stock. XTX Topco Ltd raised its position in Sify Technologies Limited (NASDAQ:SIFY) by 226.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,358 shares of the technology company’s stock after purchasing 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 quarter. 0.61% of the stock is currently owned by institutional investors.

Sify Technologies Company Profile

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.