DeFi Technologies (OTC:DEFTF) Trading Up 20% – What’s Next?

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

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed 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 Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat, DeFi Technologies presently has an average rating of “Strong Buy”.

DeFi Technologies Price Performance

The business has a 50-day moving average of $3.98 and a 200 day moving average of $3.98. The company has a market cap of $1.30 billion and a PE ratio of 19.92.

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.