Diginex (NASDAQ:DGNX) Trading Down 9.9% - Time to Sell?
Diginex Limited (NASDAQ:DGNX) shares fell 9.9% to $47.40 during trading, with a significant drop in volume. Analysts have raised the stock to a "hold" rating, while an institutional investor recently acquired a new stake valued at approximately $572,000. Diginex focuses on addressing ESG issues through technology. Despite the hold rating, it is not currently recommended as a top buy by analysts.
Shares of Diginex Limited (NASDAQ:DGNX - Get Free Report) were down 9.9% during trading on Tuesday . The stock traded as low as $45.83 and last traded at $47.40. Approximately 17,349 shares were traded during trading, a decline of 91% from the average daily volume of 190,690 shares. The stock had previously closed at $52.59.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Diginex to a "hold" rating in a report on Saturday, June 14th.
Get Our Latest Stock Analysis on Diginex
Diginex Stock Performance
The business has a 50-day moving average of $53.40.
Institutional Investors Weigh In On Diginex
An institutional investor recently bought a new position in Diginex stock. Y Intercept Hong Kong Ltd bought a new stake in Diginex Limited (NASDAQ:DGNX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,447 shares of the company's stock, valued at approximately $572,000.
About Diginex
(Get Free Report)DSL is the wholly owned subsidiary of Diginex Limited. Accordingly, Diginex Limited owns 100% of DSL and all of DSL's business lines and subsidiaries. DSL is an impact technology business that helps organizations to address the some of the most pressing Environmental, Social and Governance (“ESG”), climate and sustainability issues, utilizing blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action.
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