Defi Technologies (NASDAQ:DEFT) Upgraded at Wall Street Zen

Defi Technologies (NASDAQ:DEFT - Get Free Report) was upgraded by research analysts at Wall Street Zen to a "hold" rating in a research report issued on Friday.

Several other equities analysts have also commented on the company. Maxim Group increased their price objective on Defi Technologies from $6.50 to $7.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. HC Wainwright upped their target price on Defi Technologies from $4.50 to $5.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th.

Defi Technologies Price Performance

Defi Technologies stock remained flat at $3.47 during mid-day trading on Friday. 1,111,250 shares of the company were exchanged, compared to its average volume of 1,153,671. Defi Technologies has a fifty-two week low of $0.98 and a fifty-two week high of $4.95. The stock has a market cap of $1.13 billion and a price-to-earnings ratio of 11.97.

Defi Technologies Company Profile

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.