Diginex (NASDAQ:DGNX) Shares Gap Up – Here’s What Happened

Shares of Diginex Limited (NASDAQ:DGNX) gapped up prior to trading on Monday . The stock had previously closed at $12.12, but opened at $12.65. Diginex shares last traded at $11.34, with a volume of 623,283 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Diginex in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Diginex presently has an average rating of “Sell”.

Diginex Stock Down 2.6%

The firm has a 50 day moving average price of $16.69 and a 200-day moving average price of $11.24.

Institutional Investors Weigh In On Diginex

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Diginex by 10.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock valued at $994,000 after purchasing an additional 1,748 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Diginex by 625.0% during the third quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock valued at $42,000 after buying an additional 2,500 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Diginex in the third quarter worth approximately $38,000. Quarry LP bought a new stake in shares of Diginex during the 3rd quarter worth approximately $44,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Diginex during the 1st quarter valued at $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.