DeFi Technologies (OTC:DEFTF) Shares Down 2.5% – Here’s Why

Shares of DeFi Technologies Inc. (OTC:DEFTF) traded down 2.5% during trading on Tuesday . The company traded as low as $1.80 and last traded at $1.95. 1,273,164 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 1,039,634 shares. The stock had previously closed at $2.00.

Analysts Set New Price Targets

DEFTF has been the topic of a number of research analyst reports. HC Wainwright upgraded shares of DeFi Technologies to a “strong-buy” rating in a research note on Thursday, December 12th. Northland Capmk upgraded shares of DeFi Technologies to a “strong-buy” rating in a research report on Wednesday, January 15th.

DeFi Technologies Trading Down 2.5 %

The business has a 50-day moving average of $2.89 and a two-hundred day moving average of $2.49. The firm has a market cap of $636.25 million and a P/E ratio of 9.75.

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.