DeFi Technologies (OTC:DEFTF) Trading Up 12% – What’s Next?

DeFi Technologies Inc. (OTC:DEFTF)’s stock price rose 12% on Wednesday . The stock traded as high as $3.11 and last traded at $3.07. Approximately 837,051 shares were traded during trading, a decline of 9% from the average daily volume of 916,068 shares. The stock had previously closed at $2.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. HC Wainwright raised DeFi Technologies to a “strong-buy” rating in a report on Thursday, December 12th. B. Riley raised DeFi Technologies to a “strong-buy” rating in a research note on Wednesday, October 23rd.

DeFi Technologies Stock Up 12.0 %

The stock’s 50-day simple moving average is $2.73 and its 200 day simple moving average is $2.11. The stock has a market capitalization of $991.40 million and a price-to-earnings 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.