Diginex (NASDAQ:DGNX) Shares Up 12% – Here’s What Happened

Diginex Limited (NASDAQ:DGNX)’s share price was up 12% on Tuesday . The stock traded as high as $18.06 and last traded at $15.22. Approximately 799,261 shares changed hands during trading, a decline of 35% from the average daily volume of 1,234,579 shares. The stock had previously closed at $13.59.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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.com, Diginex has an average rating of “Sell”.

Diginex Price Performance

The business’s 50 day moving average is $16.35 and its 200 day moving average is $11.22.

Institutional Investors Weigh In On Diginex

Hedge funds have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd acquired a new stake in Diginex during the 1st quarter worth about $572,000. PharVision Advisers LLC acquired a new stake in shares of Diginex during the third quarter worth approximately $262,000. UBS Group AG grew its position in Diginex by 562.8% during the third quarter. UBS Group AG now owns 46,141 shares of the company’s stock valued at $664,000 after purchasing an additional 39,179 shares in the last quarter. Geode Capital Management LLC increased its stake in Diginex by 10.0% in the 2nd quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock valued at $994,000 after buying an additional 1,748 shares during the period. Finally, Armistice Capital LLC acquired a new stake in shares of Diginex during the 3rd quarter valued at $144,000.

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.