Shares of Defi Technologies, Inc. (NASDAQ:DEFT - Get Free Report) dropped 4.5% during mid-day trading on Thursday . The company traded as low as $3.19 and last traded at $3.21. Approximately 1,135,513 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 1,156,277 shares. The stock had previously closed at $3.36.
Analysts Set New Price Targets
DEFT has been the subject of a number of research reports. Wall Street Zen raised shares of Defi Technologies to a "hold" rating in a research note on Friday, May 30th. HC Wainwright raised 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. Finally, Maxim Group raised their target price on shares of Defi Technologies from $6.50 to $7.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th.
View Our Latest Report on DEFT
Defi Technologies Stock Performance
The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 11.14 and a beta of 5.25.
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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