Diginex (NASDAQ:DGNX) Stock Price Down 7.1% – Here’s What Happened

Diginex Limited (NASDAQ:DGNX) shares were down 7.1% during trading on Monday . The company traded as low as $2.81 and last traded at $2.86. Approximately 245,852 shares traded hands during trading, a decline of 86% from the average daily volume of 1,813,212 shares. The stock had previously closed at $3.08.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Diginex in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Diginex Stock Up 3.1%

The business’s 50 day simple moving average is $8.88 and its two-hundred day simple moving average is $10.71.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DGNX. Geode Capital Management LLC boosted its holdings in Diginex by 10.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock worth $994,000 after acquiring an additional 1,748 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Diginex by 625.0% in the 3rd quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock worth $42,000 after buying an additional 2,500 shares during the last quarter. NewEdge Advisors LLC bought a new position in Diginex during the third quarter valued at about $38,000. Quarry LP purchased a new stake in Diginex during the third quarter worth about $44,000. Finally, Armistice Capital LLC purchased a new stake in Diginex during the third quarter worth about $144,000.

Diginex Company Profile

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.