Diginex (NASDAQ:DGNX) Hits New 52-Week High - Here's What Happened

Key Points

• Diginex Limited shares reached a new 52-week high of $20.00, closing at $19.32, marking a significant increase from the prior close of $16.47.
• Despite the rise in share price, Wall Street analysts have a consensus rating of "Sell" for DGNX, with some firms upgrading to "hold" and others maintaining sell ratings.
• Geode Capital Management recently increased its stake in Diginex by 10%, acquiring additional shares, which reflects growing institutional interest in the stock.

Diginex Limited (NASDAQ:DGNX - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $20.00 and last traded at $19.32, with a volume of 749107 shares. The stock had previously closed at $16.47.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DGNX shares. Wall Street Zen raised shares of Diginex to a "hold" rating in a research report on Saturday, June 14th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Diginex in a report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Sell".

Diginex Stock Up 20.2%

The stock has a fifty day simple moving average of $10.04 and a 200 day simple moving average of $10.43.

Institutional Trading of Diginex

A hedge fund recently raised its stake in Diginex stock. Geode Capital Management LLC raised its position in Diginex Limited (NASDAQ:DGNX - Free Report) by 10.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,315 shares of the company's stock after acquiring 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.