Sify Technologies Limited (NASDAQ:SIFY – Get Free Report) rose 5.6% on Monday . The company traded as high as $14.41 and last traded at $14.1750. Approximately 37,427 shares changed hands during trading, a decline of 50% from the average daily volume of 74,903 shares. The stock had previously closed at $13.42.
Sify Technologies Trading Up 6.2%
The stock has a 50-day simple moving average of $14.22 and a two-hundred day simple moving average of $13.30. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.74 and a current ratio of 0.88.
Institutional Investors Weigh In On Sify Technologies
Large investors have recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft purchased a new stake in Sify Technologies during the third quarter valued at about $137,000. XTX Topco Ltd purchased a new stake in Sify Technologies during the second quarter valued at about $50,000. Renaissance Technologies LLC raised its position in Sify Technologies by 22.2% during the fourth quarter. Renaissance Technologies LLC now owns 19,800 shares of the technology company’s stock valued at $241,000 after purchasing an additional 3,600 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in Sify Technologies during the third quarter valued at about $273,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Sify Technologies during the fourth quarter valued at about $400,000. Hedge funds and other institutional investors 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.
Recommended Stories
Receive News & Ratings for Sify Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sify Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
