DeFi Technologies Inc. (NASDAQ:DEFT - Get Free Report)'s share price traded down 4.7% during trading on Thursday . The stock traded as low as $3.22 and last traded at $3.25. 2,983,360 shares changed hands during trading, an increase of 89% from the average session volume of 1,580,851 shares. The stock had previously closed at $3.41.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on DEFT. Wall Street Zen upgraded DeFi Technologies to a "hold" rating in a research report on Friday, May 30th. HC Wainwright raised their price target on DeFi Technologies from $4.50 to $5.50 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Maxim Group raised their price target on 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 Research Report on DEFT
DeFi Technologies Price Performance
The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 11.28 and a beta of 4.02. The firm's 50 day moving average price is $3.21.
Institutional Investors Weigh In On DeFi Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of DEFT. Novem Group purchased a new stake in DeFi Technologies during the 2nd quarter worth approximately $43,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of DeFi Technologies during the 2nd quarter valued at approximately $76,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of DeFi Technologies during the 2nd quarter valued at approximately $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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