DeFi Technologies (OTC:DEFTF) Stock Price Down 2.5% – Here’s What Happened

DeFi Technologies Inc. (OTC:DEFTFGet Free Report) shares dropped 2.5% during mid-day trading on Tuesday . The company traded as low as $1.80 and last traded at $1.95. Approximately 1,273,164 shares changed hands during trading, an increase of 22% from the average daily 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 recent analyst reports. Northland Capmk raised DeFi Technologies to a “strong-buy” rating in a research note on Wednesday, January 15th. HC Wainwright upgraded shares of DeFi Technologies to a “strong-buy” rating in a report on Thursday, December 12th.

Check Out Our Latest Research Report on DeFi Technologies

DeFi Technologies Price Performance

The firm has a market cap of $636.25 million and a price-to-earnings ratio of 9.75. The firm’s fifty day moving average is $2.89 and its 200-day moving average is $2.49.

DeFi Technologies Company Profile

(Get Free Report)

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.

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