Diginex Limited (NASDAQ:DGNX – Get Free Report)’s stock price fell 13.3% during trading on Friday . The company traded as low as $11.50 and last traded at $11.71. 450,385 shares were traded during trading, a decline of 63% from the average session volume of 1,230,368 shares. The stock had previously closed at $13.50.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Diginex in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.
Get Our Latest Analysis on Diginex
Diginex Stock Down 22.6%
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baader Bank Aktiengesellschaft bought a new position in shares of Diginex during the 3rd quarter valued at $230,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Diginex during the first quarter worth about $572,000. UBS Group AG lifted its position in shares of Diginex by 562.8% in the third quarter. UBS Group AG now owns 46,141 shares of the company’s stock worth $664,000 after buying an additional 39,179 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Diginex by 10.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock valued at $994,000 after buying an additional 1,748 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.
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