DeFi Technologies (OTC:DEFTF) Trading Up 12% – Here’s What Happened

DeFi Technologies Inc. (OTC:DEFTF) traded up 12% during mid-day trading on Wednesday . The company traded as high as $3.11 and last traded at $3.07. 837,051 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 916,068 shares. The stock had previously closed at $2.74.

Analyst Upgrades and Downgrades

DEFTF has been the topic of a number of recent research reports. B. Riley upgraded shares of DeFi Technologies to a “strong-buy” rating in a research note on Wednesday, October 23rd. HC Wainwright upgraded shares of DeFi Technologies to a “strong-buy” rating in a research report on Thursday, December 12th.

DeFi Technologies Stock Performance

The stock has a fifty day simple moving average of $2.73 and a two-hundred day simple moving average of $2.11. The stock has a market cap of $991.40 million and a PE ratio of 15.35.

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.