POET Technologies (CVE:PTK) Shares Up 2%

POET Technologies Inc. (CVE:PTK - Get Free Report) rose 2% during mid-day trading on Thursday . The stock traded as high as C$1.56 and last traded at C$1.56. Approximately 30,425 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 69,031 shares. The stock had previously closed at C$1.53.

POET Technologies Stock Up 2.0 %

The business's fifty day simple moving average is C$1.79 and its 200 day simple moving average is C$2.08. The company has a current ratio of 1.25, a quick ratio of 5.08 and a debt-to-equity ratio of 11.00. The stock has a market cap of C$74.24 million, a price-to-earnings ratio of -2.14 and a beta of 0.56.

POET Technologies (CVE:PTK - Get Free Report) last posted its earnings results on Friday, March 15th. The company reported C($0.18) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of C($0.18). The business had revenue of C$0.15 million during the quarter. Equities analysts forecast that POET Technologies Inc. will post -0.79625 earnings per share for the current fiscal year.

POET Technologies Company Profile

POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It 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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