Diginex (NASDAQ:DGNX) Shares Down 13.3% – What’s Next?

Shares of Diginex Limited (NASDAQ:DGNX) dropped 13.3% during trading on Friday . The company traded as low as $11.50 and last traded at $11.71. Approximately 450,385 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 1,230,368 shares. The stock had previously closed at $13.50.

Analyst Ratings Changes

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

Diginex Stock Performance

The firm’s 50 day moving average is $16.24 and its 200 day moving average is $11.29.

Hedge Funds Weigh In On Diginex

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DGNX. Y Intercept Hong Kong Ltd bought a new position in Diginex in the 1st quarter worth about $572,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Diginex during the third quarter worth about $230,000. Geode Capital Management LLC increased its position in shares of 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 last quarter. Finally, UBS Group AG raised 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 buying an additional 39,179 shares in the last quarter.

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.