DeFi Technologies (OTC:DEFTF) Trading Up 1% – Time to Buy?

DeFi Technologies Inc. (OTC:DEFTF) shares traded up 1% during trading on Friday . The stock traded as high as $2.23 and last traded at $2.10. 1,288,424 shares traded hands during trading, an increase of 63% from the average session volume of 789,866 shares. The stock had previously closed at $2.08.

Analysts Set New Price Targets

Separately, B. Riley upgraded DeFi Technologies to a “strong-buy” rating in a research note on Wednesday, October 23rd.

DeFi Technologies Stock Up 1.0 %

The stock has a market cap of $642.64 million and a price-to-earnings ratio of 10.50. The stock’s 50 day moving average price is $1.96 and its two-hundred day moving average price is $1.56.

About DeFi Technologies

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.