Diginex (NASDAQ:DGNX) Shares Gap Up - Here's What Happened

Key Points

• Diginex Limited shares gapped up from a previous close of $24.20 to open at $30.49 before settling at $27.90, indicating significant market activity.
• Despite a recent upgrade to a "hold" rating by Wall Street Zen, the overall consensus among analysts remains a "sell," which may indicate cautious sentiment regarding the stock's future performance.
• An institutional investor, Y Intercept Hong Kong Ltd, has acquired a new position in Diginex by purchasing 6,447 shares valued at approximately $572,000.

Diginex Limited (NASDAQ:DGNX - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $24.20, but opened at $30.49. Diginex shares last traded at $27.90, with a volume of 590,538 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DGNX shares. Wall Street Zen raised shares of Diginex to a "hold" rating in a research note on Saturday, June 14th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Diginex in a research note on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of "Sell".

Diginex Stock Up 20.5%

The business's 50 day moving average is $10.38 and its 200 day moving average is $10.52.

Hedge Funds Weigh In On Diginex

An institutional investor recently bought a new position in Diginex stock. Y Intercept Hong Kong Ltd acquired a new position in Diginex Limited (NASDAQ:DGNX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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.

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