Diginex (NASDAQ:DGNX) Shares Down 4.7% - Time to Sell?

Diginex Limited (NASDAQ:DGNX - Get Free Report)'s share price dropped 4.7% during mid-day trading on Friday . The stock traded as low as $60.00 and last traded at $60.03. Approximately 9,836 shares traded hands during trading, a decline of 95% from the average daily volume of 211,024 shares. The stock had previously closed at $63.02.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Diginex to a "hold" rating in a report on Saturday, June 14th.

Diginex Trading Down 6.8%

The stock has a 50-day simple moving average of $58.66.

Diginex shares are going to split before the market opens on Friday, August 1st. The 8-1 split was announced on Monday, July 7th. The newly issued shares will be payable to shareholders after the market closes on Thursday, July 31st.

Institutional Trading of Diginex

An institutional investor recently bought a new position in Diginex stock. Y Intercept Hong Kong Ltd purchased a new stake in shares of Diginex Limited (NASDAQ:DGNX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,447 shares of the company's stock, valued at approximately $572,000.

Diginex Company Profile

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.