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

Shares of DeFi Technologies Inc. (OTC:DEFTF) were up 20% on Friday . The company traded as high as $3.99 and last traded at $3.98. Approximately 2,429,100 shares traded hands during trading, an increase of 174% from the average daily volume of 885,116 shares. The stock had previously closed at $3.32.

Analysts Set New Price Targets

Separately, Compass Point began coverage on DeFi Technologies in a report on Thursday, April 24th. They set a “buy” rating on the stock.

DeFi Technologies Price Performance

The company has a 50 day moving average of $3.81 and a two-hundred day moving average of $3.06. The company has a market capitalization 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.