Defi Technologies (NASDAQ:DEFT) Shares Down 4.4% – Here’s What Happened

Defi Technologies, Inc. (NASDAQ:DEFT) fell 4.4% during trading on Wednesday . The company traded as low as $3.60 and last traded at $3.67. 533,334 shares traded hands during trading, a decline of 50% from the average session volume of 1,071,915 shares. The stock had previously closed at $3.84.

Analysts Set New Price Targets

A number of research firms have commented on DEFT. Maxim Group raised their target price on shares of Defi Technologies from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday. 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 note on Thursday, May 15th.

Defi Technologies Trading Down 8.3%

The company has a market capitalization of $1.12 billion and a P/E ratio of 11.83.

About Defi Technologies

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.