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

Key Points

• Diginex Limited's shares gapped up to $9.05 after closing at $8.80, with a recent trade at $8.62.
• Wall Street Zen upgraded Diginex shares to a "hold" rating, indicating a shift in investor sentiment.
• Geode Capital Management LLC increased its stake in Diginex by 10%, signaling confidence in the company's future performance.

Diginex Limited (NASDAQ:DGNX - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $8.80, but opened at $9.05. Diginex shares last traded at $8.62, with a volume of 111,494 shares trading hands.

Wall Street Analyst Weigh In

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

Diginex Price Performance

The business's fifty day simple moving average is $8.25 and its 200 day simple moving average is $9.83.

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 position in Diginex Limited (NASDAQ:DGNX - Free Report) during the first quarter, according to the company in its most recent 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.