Diginex (NASDAQ:DGNX) Trading 6.8% Higher - Still a Buy?

Key Points

• Diginex Limited (NASDAQ:DGNX) shares rose by 6.8% during trading, reaching a high of $14.75 and closing at $14.10, although the trading volume decreased significantly by 87% compared to its average.
• Wall Street Zen upgraded Diginex to a "hold" rating recently, indicating a shift in analysts' sentiment toward the stock.
• An institutional investor, Y Intercept Hong Kong Ltd, has recently acquired a new position in Diginex, purchasing 6,447 shares valued at approximately $572,000.

Shares of Diginex Limited (NASDAQ:DGNX - Get Free Report) were up 6.8% during trading on Friday . The company traded as high as $14.75 and last traded at $14.10. Approximately 169,382 shares traded hands during trading, a decline of 87% from the average daily volume of 1,285,627 shares. The stock had previously closed at $13.20.

Analyst Ratings Changes

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

Diginex Stock Up 5.4%

The company has a 50 day simple moving average of $9.04 and a two-hundred day simple moving average of $10.04.

Institutional Trading of Diginex

An institutional investor recently bought a new position in Diginex stock. Y Intercept Hong Kong Ltd purchased a new position in 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 firm 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.

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