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

Shares of Diginex Limited (NASDAQ:DGNX) gapped up prior to trading on Monday . The stock had previously closed at $10.53, but opened at $11.64. Diginex shares last traded at $13.60, with a volume of 488,348 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Diginex in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Diginex Price Performance

The business has a 50 day moving average price of $16.52 and a 200-day moving average price of $11.26.

Hedge Funds Weigh In On Diginex

Several institutional investors have recently made changes to their positions in DGNX. UBS Group AG grew its stake in shares of Diginex by 562.8% in the 3rd quarter. UBS Group AG now owns 46,141 shares of the company’s stock valued at $664,000 after buying an additional 39,179 shares during the period. PharVision Advisers LLC bought a new position in Diginex in the third quarter worth approximately $262,000. Baader Bank Aktiengesellschaft acquired a new stake in Diginex in the third quarter valued at approximately $230,000. Armistice Capital LLC bought a new stake in shares of Diginex during the third quarter valued at approximately $144,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Diginex during the first quarter worth 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.