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

Shares of DeFi Technologies Inc. (OTC:DEFTF) traded up 20% during mid-day trading on Tuesday . The stock traded as high as $3.99 and last traded at $3.9835. 2,429,100 shares traded hands during 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 restated a “buy” rating on shares of DeFi Technologies in a research note on Friday. Two investment 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 company has a fifty day moving average price of $3.98 and a 200 day moving average price of $3.98. The company has a market capitalization 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.