In the last trading session, 1,730,162 shares of the Sify Technologies Limited(NASDAQ:SIFY) were traded, and its beta was 1.74. Most recently the company’s share price was $3.37, and it changed around -$0.56 or -0.14% from the last close, which brings the market valuation of the company to $603.98 Million. SIFY currently trades at a discount to its 52-week high of $5.89, offering almost -74.78% off that amount. The share price’s 52-week low was $0.56, which indicates that the current value has risen by an impressive 83.38% since then. We note from Sify Technologies Limited’s average daily trading volume that its 10-day average is 4.32 Million shares, with the 3-month average coming to 2.12 Million.
Sify Technologies Limited stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended SIFY as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Sify Technologies Limited is expected to report earnings per share of $0 for the current quarter.
Sify Technologies Limited (NASDAQ:SIFY): Trading Information
Although SIFY has showed a red trend with a performance of -14.25% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $5.89- on Tuesday, Feb 16 increased the stock’s daily price by 42.78%. The company’s shares are currently up 1.65% year-to-date, but still down -0.283 over the last five days. On the other hand, Sify Technologies Limited (NASDAQ:SIFY) is 0.42% up in the 30-day period. We can see from the shorts that 161.4 Million shares have been sold at a short interest cover period of 76.13 day(s).
Sify Technologies Limited (SIFY) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8%. Sify Technologies Limited earnings are expected to decrease by -43.1% in 2021, but the outlook is negative 0% per year for the next five years.
Sify Technologies Limited (NASDAQ:SIFY)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0% of Sify Technologies Limited shares, and 0.8% of them are in the hands of institutional investors. The stock currently has a share float of 0.8%. Sify Technologies Limited stock is held by 29 institutions, with Renaissance Technologies, LLC being the largest institutional investor. By Dec 30, 2020, it held 0.35% of the shares, which is about 628.23 Thousand shares worth $797.85 Thousand.
Pinnacle Associates, Ltd., with 0.15% or 261.93 Thousand shares worth $332.65 Thousand as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Delaware VIP Emerging Markets Series and Trust For Professional Managers-PMC Diversified Equity Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 91200 shares worth $115.82 Thousand, making up 0.05% of all outstanding shares. On the other hand, Trust For Professional Managers-PMC Diversified Equity Fund held roughly 13.63 Thousand shares worth around $15.67 Thousand, which represents about 0.01% of the total shares outstanding.
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