Diginex (NASDAQ:DGNX) Trading 9.7% Higher – Still a Buy?

Shares of Diginex Limited (NASDAQ:DGNX) were up 9.7% during trading on Friday . The stock traded as high as $7.23 and last traded at $6.80. Approximately 599,300 shares were traded during trading, a decline of 50% from the average daily volume of 1,197,455 shares. The stock had previously closed at $6.20.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Diginex in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Diginex Stock Performance

The firm’s 50 day simple moving average is $13.56 and its 200 day simple moving average is $11.04.

Institutional Trading of Diginex

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in Diginex by 562.8% in the third quarter. UBS Group AG now owns 46,141 shares of the company’s stock worth $664,000 after purchasing an additional 39,179 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Diginex by 10.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock worth $994,000 after acquiring an additional 1,748 shares during the last quarter. PharVision Advisers LLC purchased a new position in Diginex during the 3rd quarter valued at $262,000. Baader Bank Aktiengesellschaft bought a new position in Diginex in the 3rd quarter valued at $230,000. Finally, Tudor Investment Corp ET AL purchased a new stake in Diginex in the third quarter worth $168,000.

Diginex Company Profile

Diginex Limited (NASDAQ: DGNX) is a digital asset financial services and solutions provider catering to institutional clients and professional investors. The company offers end-to-end trading, custody, banking and advisory services across a range of digital assets. Through its proprietary platform, Diginex delivers secure and compliant market access, enabling clients to trade, hold and transact cryptocurrencies and tokenized assets with institutional-grade infrastructures.

Key offerings include the EQUOS digital asset exchange, which provides spot and derivatives trading, as well as a suite of custody and settlement solutions designed to meet stringent regulatory requirements.