B. Riley Upgrades DeFi Technologies (OTC:DEFTF) to Strong-Buy

B. Riley upgraded shares of DeFi Technologies (OTC:DEFTF) to a strong-buy rating in a report released on Wednesday, Zacks.com reports. B. Riley also issued estimates for DeFi Technologies’ Q3 2024 earnings at $0.04 EPS, Q4 2024 earnings at $0.02 EPS, FY2024 earnings at $0.21 EPS and FY2025 earnings at $0.22 EPS.

DeFi Technologies Stock Down 7.0 %

Shares of OTC:DEFTF opened at $1.78 on Wednesday. DeFi Technologies has a 52-week low of $0.08 and a 52-week high of $2.44. The business has a fifty day moving average of $2.01 and a two-hundred day moving average of $1.43. The stock has a market cap of $529.98 million and a P/E ratio of -25.43.

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.