Diginex (NASDAQ:DGNX) Shares Gap Up - Should You Buy?

Key Points

• Diginex Limited shares opened at $15.20, up from a previous close of $14.56, and last traded at $15.41 with a trading volume of 196,845 shares.
• Wall Street analysts have recently raised the stock's rating to a "hold", indicating a tempered yet optimistic outlook for investors.
• A hedge fund acquired a new stake in Diginex, purchasing 6,447 shares valued at approximately $572,000, showing institutional interest in the company.

Diginex Limited (NASDAQ:DGNX - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $14.56, but opened at $15.20. Diginex shares last traded at $15.41, with a volume of 196,845 shares changing hands.

Wall Street Analysts Forecast Growth

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

Diginex Stock Performance

The stock has a 50 day simple moving average of $9.49 and a 200 day simple moving average of $10.21.

Institutional Investors 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 shares of Diginex Limited (NASDAQ:DGNX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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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