Sify Technologies Limited (NASDAQ:SIFY – Get Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.14 and traded as high as $16.50. Sify Technologies shares last traded at $16.05, with a volume of 60,830 shares.
Sify Technologies Price Performance
The company has a debt-to-equity ratio of 1.55, a current ratio of 0.88 and a quick ratio of 0.74. The business’s 50-day simple moving average is $15.31 and its two-hundred day simple moving average is $14.14.
Institutional Investors Weigh In On Sify Technologies
A number of institutional investors have recently modified their holdings of SIFY. Theleme Partners LLP acquired a new position in shares of Sify Technologies in the 3rd quarter valued at about $13,627,000. Acadian Asset Management LLC increased its holdings in shares of Sify Technologies by 75.4% in the 1st quarter. Acadian Asset Management LLC now owns 197,563 shares of the technology company’s stock valued at $838,000 after purchasing an additional 84,958 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Sify Technologies in the 4th quarter valued at about $400,000. Lighthouse Investment Partners LLC purchased a new stake in Sify Technologies in the 3rd quarter worth approximately $273,000. Finally, XTX Topco Ltd purchased a new stake in Sify Technologies in the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 0.61% of the company’s stock.
About Sify Technologies
Sify Technologies Limited is an India‐based provider of integrated information and communications technology solutions, catering primarily to enterprise and government clients. The company’s core offerings include network services, data center hosting, cloud computing, managed security, unified communications, and digital transformation solutions. Sify’s end-to-end portfolio is designed to support critical IT infrastructure, enabling clients to scale operations, improve reliability, and accelerate technology adoption.
In the networking domain, Sify operates a nationwide IP‐MPLS backbone with extensive fiber infrastructure and a global internet peering footprint.
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