Diginex (NASDAQ:DGNX) Trading Up 8.4% – Should You Buy?

Diginex Limited (NASDAQ:DGNX)’s share price traded up 8.4% on Friday . The company traded as high as $17.50 and last traded at $17.12. 203,430 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 1,263,726 shares. The stock had previously closed at $15.80.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Diginex to a “hold” rating in a research note on Saturday, June 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Diginex in a research note on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Diginex Stock Up 4.2%

The company’s fifty day simple moving average is $9.80 and its 200 day simple moving average is $10.35.

Institutional Inflows and Outflows

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) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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.