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Diginex (NASDAQ:DGNX) Trading Down 7.4% - What's Next?

Diginex logo with Business Services background

Key Points

  • Diginex Limited (NASDAQ:DGNX) shares fell by 7.4%, trading as low as $51.00 before closing at $52.14.
  • The company plans to conduct an 8-1 stock split on August 1st, following an announcement made on July 7th.
  • Wall Street Zen upgraded Diginex to a "hold" rating in a research note dated June 14th.
  • A hedge fund purchased a new stake in Diginex, acquiring 6,447 shares valued at approximately $572,000.
  • MarketBeat previews the top five stocks to own by September 1st.

Diginex Limited (NASDAQ:DGNX - Get Free Report) traded down 7.4% during trading on Friday . The company traded as low as $51.00 and last traded at $52.14. 22,721 shares traded hands during trading, a decline of 89% from the average session volume of 198,001 shares. The stock had previously closed at $56.30.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Diginex to a "hold" rating in a research note on Saturday, June 14th.

Read Our Latest Report on DGNX

Diginex Trading Down 1.7%

The firm has a fifty day simple moving average of $54.63.

Shares of Diginex are going to split on Friday, August 1st. The 8-1 split was announced on Monday, July 7th. The newly created shares will be distributed to shareholders after the closing bell on Thursday, July 31st.

Institutional Trading of Diginex

An institutional investor recently bought a new position in Diginex stock. Y Intercept Hong Kong Ltd acquired a new position in Diginex Limited (NASDAQ:DGNX - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,447 shares of the company's stock, valued at approximately $572,000.

Diginex Company Profile

(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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