DeFi Technologies (OTC:DEFTF) Shares Up 20% – Time to Buy?

DeFi Technologies Inc. (OTC:DEFTF) shot up 20% on Friday . The stock traded as high as $3.99 and last traded at $3.9835. 2,429,100 shares changed hands during mid-day trading, an increase of 174% from the average session volume of 885,116 shares. The stock had previously closed at $3.32.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating on shares of DeFi Technologies in a report on Friday, November 21st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

DeFi Technologies Trading Up 20.0%

The company has a 50-day moving average price of $3.98 and a two-hundred day moving average price of $3.98. The stock has a market cap of $1.30 billion and a P/E ratio of 19.92.

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. It also participates in decentralized blockchain networks by processing data transactions that contribute to network security and stability, governance, and transaction validation.