POET Technologies (CVE:PTK) Trading Up 15.3%

POET Technologies Inc. (CVE:PTKGet Free Report) shares shot up 15.3% during mid-day trading on Friday . The stock traded as high as C$4.66 and last traded at C$4.60. 127,309 shares were traded during trading, an increase of 25% from the average session volume of 102,146 shares. The stock had previously closed at C$3.99.

POET Technologies Trading Up 19.0 %

The company has a 50 day moving average of C$2.85 and a 200-day moving average of C$2.06. The company has a debt-to-equity ratio of 8.54, a quick ratio of 5.08 and a current ratio of 2.27. The stock has a market cap of C$287.33 million, a price-to-earnings ratio of -5.96 and a beta of 0.55.

POET Technologies (CVE:PTKGet Free Report) last posted its quarterly earnings results on Wednesday, May 15th. The company reported C($0.16) earnings per share (EPS) for the quarter. The business had revenue of C$0.01 million during the quarter. On average, research analysts anticipate that POET Technologies Inc. will post -0.79625 earnings per share for the current year.

About POET Technologies

(Get Free Report)

POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. The company offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques.

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