Diginex (NASDAQ:DGNX) Shares Gap Down - Should You Sell?

Key Points

• Diginex (NASDAQ:DGNX) experienced a significant drop, with shares gapping down from a previous close of $31.39 to an opening price of $28.31 and last trading at $25.11.
• Analysts have a consensus rating of “Sell” for Diginex, with Weiss Ratings reaffirming this stance while Wall Street Zen rated it as a "hold."
• Geode Capital Management recently increased its stake in Diginex by 10%, owning about 0.08% of the company valued at $994,000 as of its latest filing.

Diginex Limited (NASDAQ:DGNX - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $31.39, but opened at $28.31. Diginex shares last traded at $25.11, with a volume of 381,469 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DGNX shares. Weiss Ratings restated a "sell (e+)" rating on shares of Diginex in a research note on Wednesday. Wall Street Zen raised Diginex to a "hold" rating in a report on Saturday, June 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Diginex currently has a consensus rating of "Sell".

Diginex Trading Down 19.2%

The company has a fifty day simple moving average of $11.32 and a two-hundred day simple moving average of $10.82.

Hedge Funds Weigh In On Diginex

A hedge fund recently raised its stake in Diginex stock. Geode Capital Management LLC lifted its holdings in Diginex Limited (NASDAQ:DGNX - Free Report) by 10.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,315 shares of the company's stock after purchasing an additional 1,748 shares during the quarter. Geode Capital Management LLC owned about 0.08% of Diginex worth $994,000 as of its most recent SEC filing.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.