Diginex (NASDAQ:DGNX) Trading Down 9.9% - Time to Sell?

Key Points

• Diginex Limited's shares fell by 9.9% during trading, dropping from a previous close of $52.59 to about $47.40, with a significant drop in trading volume.
• Wall Street analysts have raised Diginex's rating to a "hold," indicating a cautious stance on the stock's performance.
• An institutional investor, Y Intercept Hong Kong Ltd, recently acquired a new stake in Diginex, purchasing 6,447 shares worth approximately $572,000.

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.

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

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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