Sify Technologies Limited – Ame (NASDAQ:SIFY) Moving Aggressively – Down $0.06

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Sify Technologies Limited – Ame (NASDAQ:SIFY) is at $1.40 with a low of $1.33 and high of $1.49. This range of trading tags the stock as one of the most volatile of the day.

Sify Technologies Limited – Ame is also considered overbought with an RSI(14) of 82.26 . The Relative Strength Index (RSI) is a recognized technical indicator used to determine strengthening and weakening momentum in stock movements. An RSI above 70 is considered overbought with RSI’s under 30 indicating oversold.

Volatility

Sify Technologies Limited – Ame’s stock has a beta of 1.64 meaning it is more volatile than the market as a whole that has a beta of 1. Stocks with beta’s lower than 1 are considered to be less risky than the market and those with a higher beta are more risky than the market.

The stock’s Average True Range (ATR) is currently 0.08. The ATR is a measure of volatility. It doesn’t indicate the likely direction of the stock price, just the likelihood that the stock will move.

It is currently trading at $1.40 quite a bit above $0.89, the 50 day moving average and much higher than the 200 day moving average of $0.85. The 50 day moving average moved up $0.51 and the 200 day average moved up $0.55.

Short Interest

Investors are more bullish on the company recently if you evaluate the fall in short interest. The firm experienced a fall in short interest of -6.41% as of the latest report on August 31, 2017. Short shares decreased from 126,469 to 118,360 over that timeframe. Days to cover decreased -1.0 to 2.0 and the percentage of shorted shares was 0.00% on August 31.

Earnings Per Share

Sify Technologies Limited – Ame’s P/E ratio is 19.44 and market cap is 210.57M.

Company Information

Sify Technologies Limited (Sify), launched on December 12, 1995, is an integrated information and communications technology (ICT) solutions and services company. The Company offers end-to-end solutions with a range of products delivered over a common telecom data network infrastructure reaching approximately 1,300 cities and towns in India at March 31, 2016. Its segments are Telecom services, which includes domestic data, international data wholesale voice and network managed services; Data Centre services, which includes co-location services; Cloud and managed services, which includes information technology (IT) infra services, IT transformation services, remote and onsite infrastructure managed services and delivery platforms; Technology integration services, which includes data center build, network integration, information security, end-user computing, and collaborative tools and solutions, and Applications integration services, which includes application development and maintenance, application testing, mobility solutions, e-learning, portals, tools, process and automation..