Defi Technologies (NASDAQ:DEFT) Trading Down 4.4% - What's Next?

Shares of Defi Technologies, Inc. (NASDAQ:DEFT - Get Free Report) were down 4.4% on Wednesday . The company traded as low as $3.60 and last traded at $3.67. Approximately 533,334 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 1,071,915 shares. The stock had previously closed at $3.84.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DEFT shares. HC Wainwright lifted their target price on Defi Technologies from $4.50 to $5.50 and gave the stock a "buy" rating in a report on Thursday, May 15th. Maxim Group raised their price objective on Defi Technologies from $6.50 to $7.00 and gave the company a "buy" rating in a research note on Tuesday.

Defi Technologies Stock Down 5.5%

The company has a market cap of $1.18 billion and a P/E ratio of 12.52.

About Defi Technologies

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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