Sify Technologies (NASDAQ:SIFY) Shares Gap Down – What’s Next?

Sify Technologies Limited (NASDAQ:SIFY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $14.91, but opened at $14.20. Sify Technologies shares last traded at $14.6470, with a volume of 454 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on SIFY shares. Weiss Ratings downgraded Sify Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Monday, June 29th. Wall Street Zen downgraded Sify Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Sify Technologies Trading Up 1.7%

The stock’s 50 day moving average is $15.01 and its 200 day moving average is $15.01. The company has a quick ratio of 0.65, a current ratio of 0.74 and a debt-to-equity ratio of 1.23.

Sify Technologies (NASDAQ:SIFY) last issued its quarterly earnings data on Thursday, July 16th. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Sify Technologies had a negative net margin of 1.97% and a negative return on equity of 9.65%. The firm had revenue of $130.13 million during the quarter, compared to the consensus estimate of $188.23 million. Equities analysts expect that Sify Technologies Limited will post 0.02 earnings per share for the current year.

Institutional Trading of Sify Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Theleme Partners LLP bought a new stake in Sify Technologies in the 2nd quarter valued at $21,239,000. GAMMA Investing LLC increased its position in Sify Technologies by 59.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,319 shares of the technology company’s stock worth $39,000 after buying an additional 863 shares during the period. Parallel Advisors LLC increased its position in Sify Technologies by 969.1% during the 1st quarter. Parallel Advisors LLC now owns 1,935 shares of the technology company’s stock worth $25,000 after buying an additional 1,754 shares during the period. Liontrust Investment Partners LLP lifted its holdings in shares of Sify Technologies by 6.2% during the first quarter. Liontrust Investment Partners LLP now owns 135,109 shares of the technology company’s stock worth $1,728,000 after buying an additional 7,850 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Sify Technologies during the fourth quarter worth $400,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Sify Technologies Company Profile

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.