Diginex (NASDAQ:DGNX) Shares Gap Down - Should You Sell?

Key Points

• Diginex Limited's shares gapped down from a previous close of $55.81 to open at $54.09 before last trading at $57.12.
• Wall Street Zen has upgraded Diginex to a "hold" rating as analysts forecast potential growth for the company.
• Institutional investors are showing interest, with Y Intercept Hong Kong Ltd acquiring 6,447 shares valued at approximately $572,000 in the first quarter.

Diginex Limited (NASDAQ:DGNX - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $55.81, but opened at $54.09. Diginex shares last traded at $57.12, with a volume of 9,269 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Diginex to a "hold" rating in a research note on Saturday, June 14th.

Diginex Trading Down 6.9%

The company has a fifty day moving average of $53.27 and a two-hundred day moving average of $65.50.

Institutional Investors Weigh In On Diginex

A hedge fund recently bought a new stake in Diginex stock. Y Intercept Hong Kong Ltd bought a new position in shares of Diginex Limited (NASDAQ:DGNX - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 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.