Diginex (NASDAQ:DGNX) Trading Down 3.7% – Should You Sell?

Diginex Limited (NASDAQ:DGNX) fell 3.7% during mid-day trading on Monday . The company traded as low as $6.55 and last traded at $6.72. 129,144 shares traded hands during trading, a decline of 89% from the average session volume of 1,193,726 shares. The stock had previously closed at $6.98.

Analyst Upgrades and Downgrades

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

Diginex Price Performance

The company’s 50-day moving average is $12.86 and its 200-day moving average is $11.03.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its position 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 acquiring an additional 1,748 shares during the period. Baader Bank Aktiengesellschaft purchased a new stake in shares of Diginex during the 3rd quarter worth about $230,000. UBS Group AG increased its position in Diginex by 562.8% during the 3rd quarter. UBS Group AG now owns 46,141 shares of the company’s stock worth $664,000 after purchasing an additional 39,179 shares in the last quarter. Bank of America Corp DE raised its holdings in Diginex by 625.0% in the third quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock valued at $42,000 after buying an additional 2,500 shares during the period. Finally, Quarry LP acquired a new position in Diginex during the third quarter valued at approximately $44,000.

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.