POET Technologies (OTCMKTS:POETF) Stock Price Up 1.6% – Time to Buy?

Shares of POET Technologies Inc. (OTCMKTS:POETFGet Free Report) were up 1.6% during trading on Monday . The company traded as high as $3.76 and last traded at $3.73. Approximately 471,499 shares were traded during mid-day trading, an increase of 216% from the average daily volume of 148,995 shares. The stock had previously closed at $3.67.

POET Technologies Stock Performance

The business’s 50-day moving average is $4.04 and its two-hundred day moving average is $4.45. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -76.00 and a beta of 0.81.

POET Technologies Company Profile

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POET Technologies, Inc engages in the designing, developing, manufacturing and sale of opto-electronic solutions for the sensing, data communications and telecommunications markets. It developed POET Optical Interposer platform, which allows the integration of electronic and photonic devices into a single multi-chip module.

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