Diginex (NASDAQ:DGNX) Trading Down 11.9% – Here’s What Happened

Diginex Limited (NASDAQ:DGNX)’s share price was down 11.9% during mid-day trading on Friday . The stock traded as low as $16.50 and last traded at $16.80. Approximately 297,969 shares were traded during trading, a decline of 76% from the average daily volume of 1,242,496 shares. The stock had previously closed at $19.08.

Wall Street Analysts Forecast Growth

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

Diginex Price Performance

The stock’s 50 day simple moving average is $15.53 and its two-hundred day simple moving average is $11.33.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DGNX. Baader Bank Aktiengesellschaft acquired a new stake in shares of Diginex in the 3rd quarter valued at $230,000. Geode Capital Management LLC increased its position in Diginex by 10.0% in the second quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock worth $994,000 after purchasing an additional 1,748 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Diginex in the first quarter worth about $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.