DIGILITI MONEY (NASDAQ:DGLT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Digiliti Money Group, Inc. is a technology solutions and services provider to the financial services industry. The company operates as a cloud-based software-as-a-service provider of remote deposit capture and mobile wallet solutions for customers of banks, credit unions, prepaid card programs, check cashing services and payday lenders. Its solutions and services enable banks, credit unions and alternative financial services providers to offer their customers remote deposit capture and prepaid mobile money technologies and related services. Digiliti Money Group, Inc., formerly known as Cachet Financial Solutions, Inc., is headquartered in Minneapolis. “

DIGILITI MONEY (NASDAQ DGLT) traded up 435.2430% during midday trading on Tuesday, reaching $1.0464. The company had a trading volume of 16,320,629 shares. The firm has a 50-day moving average price of $1.22 and a 200-day moving average price of $3.11. DIGILITI MONEY has a 52 week low of $0.17 and a 52 week high of $13.28. The company’s market capitalization is $10.34 million.

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An institutional investor recently bought a new position in DIGILITI MONEY stock. Goldman Sachs Group Inc. purchased a new stake in DIGILITI MONEY (NASDAQ:DGLT) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 48,971 shares of the company’s stock, valued at approximately $156,000. Goldman Sachs Group Inc. owned about 0.50% of DIGILITI MONEY at the end of the most recent quarter. Hedge funds and other institutional investors own 6.15% of the company’s stock.

DIGILITI MONEY Company Profile

Digiliti Money Group, Inc, formerly Digiliti Money, Inc, is a technology solutions and services provider to the financial services industry. The Company’s solutions and services enable its clients, such as banks, credit unions and alternative financial services providers (AFS) to offer their customers remote deposit capture (RDC) and prepaid mobile money technologies and related services.

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