Diginex (NASDAQ:DGNX) Trading Down 7.1% – Here’s Why

Shares of Diginex Limited (NASDAQ:DGNX) traded down 7.1% during mid-day trading on Monday . The company traded as low as $6.08 and last traded at $6.18. 75,548 shares were traded during mid-day trading, a decline of 94% from the average session volume of 1,177,301 shares. The stock had previously closed at $6.65.

Analyst Ratings Changes

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

Diginex Stock Down 1.5%

The company’s fifty day simple moving average is $12.25 and its two-hundred day simple moving average is $11.07.

Hedge Funds Weigh In On Diginex

Institutional investors have recently modified their holdings of the business. Tudor Investment Corp ET AL bought a new stake in Diginex during the 3rd quarter worth approximately $168,000. NewEdge Advisors LLC acquired a new stake in shares of Diginex during the third quarter worth $38,000. Armistice Capital LLC bought a new stake in Diginex in the 3rd quarter valued at $144,000. PharVision Advisers LLC acquired a new position in Diginex in the 3rd quarter worth $262,000. Finally, Quarry LP acquired a new stake in shares of Diginex in the 3rd quarter valued at about $44,000.

About Diginex

Diginex Limited (NASDAQ: DGNX) is a digital asset financial services and solutions provider catering to institutional clients and professional investors. The company offers end-to-end trading, custody, banking and advisory services across a range of digital assets. Through its proprietary platform, Diginex delivers secure and compliant market access, enabling clients to trade, hold and transact cryptocurrencies and tokenized assets with institutional-grade infrastructures.

Key offerings include the EQUOS digital asset exchange, which provides spot and derivatives trading, as well as a suite of custody and settlement solutions designed to meet stringent regulatory requirements.