DeFi Technologies (OTC:DEFTF) Trading Up 4.6% – What’s Next?

Shares of DeFi Technologies Inc. (OTC:DEFTF) rose 4.6% during trading on Monday . The stock traded as high as $3.31 and last traded at $3.18. Approximately 1,033,399 shares were traded during trading, an increase of 8% from the average daily volume of 959,292 shares. The stock had previously closed at $3.04.

Analysts Set New Price Targets

Several analysts recently weighed in on DEFTF shares. B. Riley raised DeFi Technologies to a “strong-buy” rating in a report on Wednesday, October 23rd. Northland Capmk upgraded DeFi Technologies to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, HC Wainwright upgraded shares of DeFi Technologies to a “strong-buy” rating in a research note on Thursday, December 12th.

DeFi Technologies Stock Up 4.6 %

The company has a 50 day moving average of $3.04 and a two-hundred day moving average of $2.32. The firm has a market cap of $1.03 billion and a P/E ratio of 15.90.

DeFi Technologies Company Profile

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.