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Diginex (NASDAQ:DGNX) Trading Down 7.5% - Here's Why

Diginex logo with Business Services background

Diginex Limited (NASDAQ:DGNX - Get Free Report) shares dropped 7.5% during trading on Friday . The stock traded as low as $60.00 and last traded at $61.25. Approximately 7,725 shares were traded during trading, a decline of 96% from the average daily volume of 204,860 shares. The stock had previously closed at $66.25.

Analyst Ratings Changes

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

View Our Latest Report on Diginex

Diginex Stock Down 7.2%

The stock's 50 day moving average is $58.07.

Diginex's stock is going to split on Friday, August 1st. The 8-1 split was announced on Monday, July 7th. The newly issued shares will be issued to shareholders after the closing bell on Thursday, July 31st.

Hedge Funds Weigh In On Diginex

A hedge fund recently bought a new stake in Diginex stock. Y Intercept Hong Kong Ltd purchased a new stake in Diginex Limited (NASDAQ:DGNX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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.

Further Reading

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