DeFi Technologies Inc. (NASDAQ:DEFT - Get Free Report) shares saw an uptick in trading volume on Tuesday . 2,373,719 shares changed hands during mid-day trading, an increase of 58% from the previous session's volume of 1,506,005 shares.The stock last traded at $3.26 and had previously closed at $3.48.
Analyst Ratings Changes
A number of research firms have issued reports on DEFT. HC Wainwright lifted their target price on shares of DeFi Technologies from $4.50 to $5.50 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised shares of DeFi Technologies to a "hold" rating in a research report on Friday, May 30th. Finally, Maxim Group lifted their price target on shares of DeFi Technologies from $6.50 to $7.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th.
Check Out Our Latest Report on DeFi Technologies
DeFi Technologies Trading Down 0.3%
The stock has a 50-day simple moving average of $3.21. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 8.86 and a beta of 4.02.
Institutional Investors Weigh In On DeFi Technologies
A number of institutional investors have recently bought and sold shares of the business. Novem Group acquired a new position in DeFi Technologies during the 2nd quarter worth about $43,000. Wealth Enhancement Advisory Services LLC acquired a new position in DeFi Technologies during the 2nd quarter worth about $76,000. Finally, Public Employees Retirement System of Ohio acquired a new position in DeFi Technologies during the 2nd quarter valued at about $196,000.
About DeFi Technologies
(
Get Free Report)
DeFi Technologies, Inc engages in the provision of investment services. It plans to acquire equity, debt, or other securities of publicly traded or private companies or other entities. The firm offers DeFi ETNs, DeFi Governance, DeFi Venture and DeFi Treasury. The company was founded by Olivier Francois Roussy Newton and Wouter Witvoet on April 14, 1986 and is headquartered in Toronto, Canada.
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