Sify Technologies (NASDAQ:SIFY) Shares Pass Above 200 Day Moving Average – Should You Sell?

Sify Technologies Limited (NASDAQ:SIFY)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.65 and traded as high as $12.05. Sify Technologies shares last traded at $11.26, with a volume of 265,299 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Sify Technologies in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sify Technologies currently has a consensus rating of “Sell”.

Sify Technologies Trading Down 7.0%

The company has a quick ratio of 0.82, a current ratio of 0.96 and a debt-to-equity ratio of 1.40. The stock has a 50 day moving average price of $12.15 and a 200-day moving average price of $7.65.

Hedge Funds Weigh In On Sify Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in shares of Sify Technologies in the 1st quarter worth $44,000. XTX Topco Ltd purchased a new position in shares of Sify Technologies in the 2nd quarter worth $50,000. Schroder Investment Management Group boosted its stake in shares of Sify Technologies by 5.6% in the 2nd quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company’s stock worth $194,000 after buying an additional 2,244 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake 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 worth $838,000 after buying an additional 84,958 shares during the last quarter. 0.61% of the stock is currently owned by hedge funds and other 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.