Diginex (NASDAQ:DGNX) Trading Down 6.9% – Here’s Why

Shares of Diginex Limited (NASDAQ:DGNXGet Free Report) traded down 6.9% during trading on Tuesday . The company traded as low as $6.50 and last traded at $6.65. Approximately 122,763 shares traded hands during trading, a decline of 90% from the average session volume of 1,206,146 shares. The stock had previously closed at $7.14.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Diginex in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Diginex has an average rating of “Sell”.

Get Our Latest Stock Analysis on Diginex

Diginex Trading Down 3.9%

The stock has a fifty day simple moving average of $13.92 and a two-hundred day simple moving average of $11.04.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DGNX. UBS Group AG grew its position in shares of Diginex by 562.8% during the 3rd quarter. UBS Group AG now owns 46,141 shares of the company’s stock valued at $664,000 after purchasing an additional 39,179 shares in the last quarter. Geode Capital Management LLC boosted its stake in Diginex by 10.0% during the second quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock valued at $994,000 after buying an additional 1,748 shares during the period. PharVision Advisers LLC purchased a new position in Diginex during the third quarter worth about $262,000. Baader Bank Aktiengesellschaft bought a new position in Diginex in the 3rd quarter worth about $230,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Diginex in the 3rd quarter valued at about $168,000.

Diginex Company Profile

(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

Receive News & Ratings for Diginex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diginex and related companies with MarketBeat.com's FREE daily email newsletter.