Diginex (NASDAQ:DGNX) Stock Price Down 6.9% – Should You Sell?

Shares of Diginex Limited (NASDAQ:DGNX) fell 6.9% on Tuesday . The stock traded as low as $6.50 and last traded at $6.65. 122,763 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 1,206,146 shares. The stock had previously closed at $7.14.

Wall Street Analysts Forecast Growth

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

Diginex Price Performance

The business has a 50-day simple moving average of $15.26 and a two-hundred day simple moving average of $11.12.

Institutional Investors Weigh In On Diginex

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in Diginex by 10.0% in the second quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock valued at $994,000 after acquiring an additional 1,748 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in Diginex in the 3rd quarter valued at $230,000. UBS Group AG raised its stake in Diginex by 562.8% during 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. Bank of America Corp DE lifted its holdings in shares of Diginex by 625.0% during the third quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock valued at $42,000 after acquiring an additional 2,500 shares during the period. Finally, Quarry LP acquired a new position in Diginex in the third quarter valued at about $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.