Defi Technologies (NASDAQ:DEFT) Shares Gap Down – Here’s What Happened

Defi Technologies, Inc. (NASDAQ:DEFT)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $3.31, but opened at $3.19. Defi Technologies shares last traded at $3.26, with a volume of 315,636 shares changing hands.

Analyst Ratings Changes

DEFT has been the subject of a number of recent analyst reports. Wall Street Zen raised Defi Technologies to a “hold” rating in a research report on Friday, May 30th. Maxim Group boosted their target price on Defi Technologies from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Finally, HC Wainwright raised their target price on shares of Defi Technologies from $4.50 to $5.50 and gave the stock a “buy” rating in a research report on Thursday, May 15th.

Defi Technologies Trading Down 5.4%

The company has a market cap of $989.43 million, a price-to-earnings ratio of 10.24 and a beta of 5.25.

Defi Technologies Company Profile

DeFi Technologies, Inc engages in the provision of investment services. It plans to acquire equity, debt, or other securities of publicly traded or private companies or other entities. The firm offers DeFi ETNs, DeFi Governance, DeFi Venture and DeFi Treasury. The company was founded by Olivier Francois Roussy Newton and Wouter Witvoet on April 14, 1986 and is headquartered in Toronto, Canada.