Sify Technologies (NASDAQ:SIFY) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Sify Technologies Limited (NASDAQ:SIFY)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.58 and traded as high as $16.53. Sify Technologies shares last traded at $15.74, with a volume of 47,605 shares.

Sify Technologies Trading Up 2.5%

The stock has a 50 day moving average of $14.52 and a 200 day moving average of $13.60. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 1.55.

Hedge Funds Weigh In On Sify Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Liontrust Investment Partners LLP lifted its stake in shares of Sify Technologies by 6.2% in the first quarter. Liontrust Investment Partners LLP now owns 135,109 shares of the technology company’s stock worth $1,728,000 after acquiring an additional 7,850 shares during the period. Parallel Advisors LLC lifted its stake in shares of Sify Technologies by 969.1% in the first quarter. Parallel Advisors LLC now owns 1,935 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,754 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Sify Technologies in the fourth quarter worth approximately $400,000. Renaissance Technologies LLC lifted its stake in shares of Sify Technologies by 22.2% in the fourth quarter. Renaissance Technologies LLC now owns 19,800 shares of the technology company’s stock worth $241,000 after acquiring an additional 3,600 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Sify Technologies in the third quarter worth approximately $273,000. 0.61% of the stock is owned by institutional investors and hedge funds.

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.