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DeFi Technologies (OTC:DEFTF) Trading Up 2.9% - Time to Buy?

DeFi Technologies logo with Business Services background

DeFi Technologies Inc. (OTC:DEFTF - Get Free Report)'s share price traded up 2.9% during trading on Tuesday . The stock traded as high as $3.10 and last traded at $3.05. 550,352 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 876,833 shares. The stock had previously closed at $2.96.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Northland Capmk upgraded shares of DeFi Technologies to a "strong-buy" rating in a research report on Wednesday, January 15th. Compass Point assumed coverage on DeFi Technologies in a research report on Thursday, April 24th. They set a "buy" rating on the stock.

Check Out Our Latest Stock Report on DEFTF

DeFi Technologies Trading Up 5.6 %

The business's fifty day moving average price is $2.36 and its 200 day moving average price is $2.57. The firm has a market capitalization of $978.85 million and a price-to-earnings ratio of 15.00.

About DeFi Technologies

(Get Free Report)

DeFi Technologies Inc, a technology company, develops and lists exchange traded products in Canada, Bermuda, and the Cayman Islands. The company provides asset management services, such as investment vehicles, indirect exposure to underlying cryptocurrencies, digital asset indexes, and other decentralized finance instruments.

Further Reading

Should You Invest $1,000 in DeFi Technologies Right Now?

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