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

Diginex Limited (NASDAQ:DGNX)’s share price 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 traded.

Wall Street Analysts Forecast Growth

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

Diginex Trading Down 4.6%

The stock has a 50-day simple moving average of $15.53 and a 200 day simple moving average of $11.33.

Hedge Funds Weigh In On Diginex

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew 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 worth $994,000 after buying an additional 1,748 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Diginex during the 1st quarter valued at $572,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in Diginex during the 3rd quarter worth $230,000.

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.