Defi Technologies, Inc. (NASDAQ:DEFT - Get Free Report) was up 10% on Friday . The company traded as high as $3.45 and last traded at $3.42. Approximately 2,059,206 shares were traded during mid-day trading, an increase of 74% from the average daily volume of 1,182,484 shares. The stock had previously closed at $3.11.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on DEFT shares. HC Wainwright upped their price objective on Defi Technologies from $4.50 to $5.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Maxim Group increased their price target on Defi Technologies from $6.50 to $7.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Finally, Wall Street Zen raised Defi Technologies to a "hold" rating in a research note on Friday, May 30th.
Check Out Our Latest Research Report on Defi Technologies
Defi Technologies Stock Up 3.3%
The company has a market cap of $1.15 billion, a P/E ratio of 11.93 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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