DeFi Technologies (OTC:DEFTF) Trading 20% Higher – Should You Buy?

Shares of DeFi Technologies Inc. (OTC:DEFTF) traded up 20% during trading on Friday . The company traded as high as $3.99 and last traded at $3.9835. 2,429,100 shares traded 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.

Analysts Set New Price Targets

Separately, Benchmark reiterated a “buy” rating on shares of DeFi Technologies in a research report on Friday, November 21st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, DeFi Technologies presently has an average rating of “Buy”.

DeFi Technologies Price Performance

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

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