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

Diginex Limited (NASDAQ:DGNX)’s stock price dropped 6.9% during trading on Tuesday . The company traded as low as $6.50 and last traded at $6.65. Approximately 122,763 shares were traded during trading, a decline of 90% from the average daily volume of 1,206,146 shares. The stock had previously closed at $7.14.

Analysts Set New Price Targets

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

Diginex Trading Down 7.0%

The stock has a fifty day simple moving average of $15.26 and a 200-day simple moving average of $11.12.

Institutional Investors Weigh In On Diginex

Several large investors have recently modified their holdings of DGNX. UBS Group AG increased its stake 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. Geode Capital Management LLC lifted its stake in Diginex by 10.0% in the 2nd 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 in the last quarter. PharVision Advisers LLC acquired a new position in Diginex during the 3rd quarter worth approximately $262,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of Diginex in the third quarter valued at approximately $230,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Diginex in the third quarter worth $168,000.

About Diginex

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.