Sify Technologies (NASDAQ:SIFY) Shares Up 6.1% – Time to Buy?

Sify Technologies Limited (NASDAQ:SIFY) rose 6.1% during trading on Wednesday . The company traded as high as $14.99 and last traded at $14.89. Approximately 25,414 shares changed hands during trading, a decline of 69% from the average daily volume of 82,570 shares. The stock had previously closed at $14.04.

Sify Technologies Stock Up 5.1%

The firm has a fifty day moving average of $14.67 and a two-hundred day moving average of $13.00. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 1.55.

Sify Technologies (NASDAQ:SIFY) last released its quarterly earnings data on Monday, January 12th. The technology company reported ($0.05) EPS for the quarter. The business had revenue of $128.86 million for the quarter. Sify Technologies had a negative net margin of 3.70% and a negative return on equity of 15.90%. Sell-side analysts expect that Sify Technologies Limited will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Theleme Partners LLP bought a new stake in Sify Technologies during the 3rd quarter valued at $13,627,000. Schroder Investment Management Group boosted its holdings in shares of Sify Technologies by 5.6% in the second quarter. Schroder Investment Management Group now owns 42,337 shares of the technology company’s stock worth $194,000 after acquiring an additional 2,244 shares during the period. XTX Topco Ltd purchased a new position in shares of Sify Technologies in the second quarter valued at $50,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Sify Technologies in the fourth quarter valued at $400,000. Finally, Acadian Asset Management LLC raised its stake in shares of Sify Technologies by 75.4% during 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. 0.61% of the stock is owned by institutional investors.

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.