Diginex (NASDAQ:DGNX) Shares Gap Down – What’s Next?

Diginex Limited (NASDAQ:DGNX) gapped down prior to trading on Thursday . The stock had previously closed at $10.00, but opened at $9.66. Diginex shares last traded at $9.70, with a volume of 172,783 shares trading hands.

Wall Street Analysts Forecast Growth

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

Diginex Stock Performance

The company’s 50 day moving average is $16.38 and its 200-day moving average is $11.27.

Institutional Trading of Diginex

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its holdings in 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 acquiring an additional 39,179 shares in the last quarter. PharVision Advisers LLC bought a new position in shares of Diginex in the 3rd quarter worth $262,000. Baader Bank Aktiengesellschaft acquired a new stake in Diginex in the 3rd quarter valued at $230,000. Armistice Capital LLC bought a new stake in Diginex during the 3rd quarter valued at $144,000. Finally, Quarry LP acquired a new position in Diginex during the third quarter worth $44,000.

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.