Diginex (NASDAQ:DGNX) Shares Gap Down – Here’s Why

Shares of Diginex Limited (NASDAQ:DGNX) gapped down before the market opened on Tuesday . The stock had previously closed at $23.63, but opened at $21.27. Diginex shares last traded at $19.35, with a volume of 412,649 shares trading hands.

Wall Street Analyst Weigh In

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

Diginex Stock Down 18.1%

The company’s 50 day simple moving average is $14.90 and its two-hundred day simple moving average is $11.24.

Institutional Investors Weigh In On Diginex

An institutional investor recently raised its position in Diginex stock. Geode Capital Management LLC raised its position in Diginex Limited (NASDAQ:DGNX) by 10.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,315 shares of the company’s stock after acquiring an additional 1,748 shares during the period. Geode Capital Management LLC owned approximately 0.08% of Diginex worth $994,000 as of its most recent filing with the Securities & Exchange Commission.

Diginex Company Profile

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.