POET Technologies (CVE:PTK) Trading 17.9% Higher

POET Technologies Inc. (CVE:PTK - Get Free Report) rose 17.9% during mid-day trading on Monday . The company traded as high as C$4.08 and last traded at C$4.02. Approximately 437,185 shares traded hands during trading, an increase of 375% from the average daily volume of 92,043 shares. The stock had previously closed at C$3.41.

POET Technologies Stock Performance

The firm has a market cap of C$191.31 million, a price-to-earnings ratio of -5.74 and a beta of 0.55. The company has a quick ratio of 5.08, a current ratio of 1.25 and a debt-to-equity ratio of 11.00. The company has a 50 day moving average of C$1.83 and a 200 day moving average of C$1.88.

POET Technologies (CVE:PTK - Get Free Report) last posted its quarterly earnings data on Friday, March 15th. The company reported C($0.18) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.18). The business had revenue of C$0.15 million for the quarter. As a group, equities research analysts expect that POET Technologies Inc. will post -0.79625 EPS 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. 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.