POET Technologies Sees Unusually High Options Volume (NASDAQ:POET)

POET Technologies Inc. (NASDAQ:POET - Get Free Report) was the target of some unusual options trading on Tuesday. Traders acquired 3,204 call options on the stock. This is an increase of 994% compared to the average daily volume of 293 call options.

POET Technologies Trading Down 6.8 %

Shares of POET Technologies stock traded down $0.20 on Tuesday, hitting $2.74. The stock had a trading volume of 3,679,254 shares, compared to its average volume of 426,977. POET Technologies has a 52-week low of $0.72 and a 52-week high of $5.88. The stock has a market cap of $132.18 million, a price-to-earnings ratio of -5.37 and a beta of 0.70. The company's 50 day moving average price is $1.40 and its 200 day moving average price is $1.38.

POET Technologies (NASDAQ:POET - Get Free Report) last posted its quarterly earnings data on Friday, March 15th. The company reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). The company had revenue of $0.11 million for the quarter. Analysts predict that POET Technologies will post -0.47 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. 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.