Diginex (NASDAQ:DGNX) Stock Price Down 12.3% - Here's What Happened

Key Points

• Diginex Limited (NASDAQ:DGNX) shares experienced a significant decline of 12.3%, trading between $19.39 and $20.43 after closing at $23.30.
• Analysts from Weiss Ratings have issued a "sell (e+)" rating for Diginex, contributing to an overall average rating of "Sell" for the stock.
• Geode Capital Management increased its stake in Diginex by 10.0% during the 2nd quarter, holding 19,315 shares valued at approximately $994,000.

Diginex Limited (NASDAQ:DGNX - Get Free Report) shares fell 12.3% on Wednesday . The company traded as low as $19.39 and last traded at $20.43. 1,004,711 shares were traded during mid-day trading, a decline of 1% from the average session volume of 1,011,411 shares. The stock had previously closed at $23.30.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, the company has an average rating of "Sell".

Diginex Trading Down 12.3%

The company has a fifty day moving average price of $12.60 and a 200-day moving average price of $11.06.

Institutional Investors 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% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,315 shares of the company's stock after buying an additional 1,748 shares during the quarter. Geode Capital Management LLC owned approximately 0.08% of Diginex worth $994,000 at the end of the most recent quarter.

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.

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.