Defi Technologies, Inc. (NASDAQ:DEFT - Get Free Report)'s share price dropped 4.5% on Thursday . The company traded as low as $3.19 and last traded at $3.21. Approximately 1,135,513 shares changed hands 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.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on DEFT. Maxim Group raised their price target on Defi Technologies from $6.50 to $7.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. HC Wainwright lifted their target price on Defi Technologies from $4.50 to $5.50 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen upgraded shares of Defi Technologies to a "hold" rating in a report on Friday, May 30th.
Read Our Latest Analysis on DEFT
Defi Technologies Stock Up 7.7%
The firm has a market cap of $1.12 billion, a PE ratio of 11.55 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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