Diginex (NASDAQ:DGNX) Shares Gap Down - What's Next?

Key Points

• Diginex Limited shares gapped down from a previous close of $57.00 to open at $54.00, and last traded at $56.93 with a volume of 8,315 shares.
• Wall Street Zen recently upgraded Diginex to a "hold" rating, suggesting a more neutral outlook on the stock.
• Geode Capital Management LLC increased its stake in Diginex by 10.0% during the second quarter, now holding about 0.08% of the company valued at approximately $994,000.

Diginex Limited (NASDAQ:DGNX - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $57.00, but opened at $54.00. Diginex shares last traded at $56.93, with a volume of 8,315 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Diginex to a "hold" rating in a report on Saturday, June 14th.

Diginex Stock Up 0.5%

The company's fifty day simple moving average is $52.57 and its two-hundred day simple moving average is $66.51.

Diginex's stock is set to split on Monday, September 8th. The 7-1 split was announced on Monday, August 18th. The newly created shares will be issued to shareholders after the closing bell on Friday, September 5th.

Hedge Funds Weigh In On Diginex

A hedge fund recently bought a new stake in Diginex stock. Y Intercept Hong Kong Ltd acquired a new stake in Diginex Limited (NASDAQ:DGNX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,447 shares of the company's stock, valued at approximately $572,000.

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.