DeFi Technologies Inc. (NASDAQ:DEFT - Get Free Report)'s stock price shot up 5.3% during mid-day trading on Monday . The stock traded as high as $2.82 and last traded at $2.78. 744,856 shares changed hands during trading, a decline of 41% from the average session volume of 1,273,100 shares. The stock had previously closed at $2.64.
Analysts Set New Price Targets
Several research firms have recently issued reports on DEFT. HC Wainwright boosted their price objective on shares of DeFi Technologies from $4.50 to $5.50 and gave the stock a "buy" rating in a report on Thursday, May 15th. Maxim Group boosted 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 upgraded DeFi Technologies to a "hold" rating in a research report on Friday, May 30th.
View Our Latest Report on DeFi Technologies
DeFi Technologies Trading Up 5.2%
The firm has a market cap of $1.01 billion, a PE ratio of 10.38 and a beta of 5.25.
DeFi Technologies Company Profile
(
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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