Diginex (NASDAQ:DGNX) Trading Down 12.1% – Here’s What Happened

Diginex Limited (NASDAQ:DGNX) fell 12.1% during trading on Thursday . The stock traded as low as $11.07 and last traded at $11.83. 462,280 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 1,241,016 shares. The stock had previously closed at $13.46.

Analysts Set New Price Targets

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

Diginex Stock Down 14.2%

The firm has a fifty day moving average of $16.58 and a 200 day moving average of $11.27.

Institutional Trading of Diginex

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC purchased a new position in shares of Diginex in the 3rd quarter valued at $38,000. Bank of America Corp DE lifted its holdings in shares of Diginex by 625.0% in the 3rd quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock valued at $42,000 after purchasing an additional 2,500 shares during the last quarter. Quarry LP purchased a new stake in Diginex in the third quarter valued at approximately $44,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Diginex during the first quarter worth approximately $572,000. Finally, Armistice Capital LLC acquired a new position in shares of Diginex in the 3rd quarter valued at $144,000.

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.