Diginex (NASDAQ:DGNX) Cut to Strong Sell at Wall Street Zen

Wall Street Zen cut shares of Diginex (NASDAQ:DGNX) from a sell rating to a strong sell rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings lowered Diginex from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 2nd. One research 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 8.3%

Shares of NASDAQ DGNX opened at $1.21 on Friday. Diginex has a fifty-two week low of $0.85 and a fifty-two week high of $318.84. The business’s 50 day moving average price is $1.23 and its 200-day moving average price is $2.96.

Diginex (NASDAQ:DGNX) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.48) earnings per share (EPS) for the quarter. The company had revenue of $0.79 million during the quarter.

Institutional Trading of Diginex

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 1,748 shares during the period. UBS Group AG increased its holdings in Diginex by 562.8% during the 3rd quarter. UBS Group AG now owns 46,141 shares of the company’s stock worth $664,000 after purchasing an additional 39,179 shares during the period. Bank of America Corp DE increased its holdings in Diginex by 625.0% during the 3rd quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock worth $42,000 after purchasing an additional 2,500 shares during the period. Quarry LP bought a new stake in Diginex during the 3rd quarter valued at $44,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Diginex in the 3rd quarter worth $262,000.

About Diginex

Diginex Limited (NASDAQ: DGNX) is a digital asset financial services and solutions provider catering to institutional clients and professional investors. The company offers end-to-end trading, custody, banking and advisory services across a range of digital assets. Through its proprietary platform, Diginex delivers secure and compliant market access, enabling clients to trade, hold and transact cryptocurrencies and tokenized assets with institutional-grade infrastructures.

Key offerings include the EQUOS digital asset exchange, which provides spot and derivatives trading, as well as a suite of custody and settlement solutions designed to meet stringent regulatory requirements.