DeFi Technologies (OTC:DEFTF) Shares Up 12% – Time to Buy?

DeFi Technologies Inc. (OTC:DEFTF)’s share price rose 12% during trading on Wednesday . The company traded as high as $3.11 and last traded at $3.07. Approximately 837,051 shares traded hands during trading, a decline of 9% from the average daily volume of 916,068 shares. The stock had previously closed at $2.74.

Analyst Ratings Changes

Several brokerages recently weighed in on DEFTF. Northland Capmk raised shares of DeFi Technologies to a “strong-buy” rating in a report on Wednesday. HC Wainwright raised shares of DeFi Technologies to a “strong-buy” rating in a research report on Thursday, December 12th. Finally, B. Riley raised DeFi Technologies to a “strong-buy” rating in a report on Wednesday, October 23rd.

DeFi Technologies Stock Up 2.4 %

The stock has a market capitalization of $1.02 billion and a price-to-earnings ratio of 15.72. The stock has a fifty day moving average of $2.78 and a 200-day moving average of $2.13.

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.