Shares of POET Technologies Inc. (CVE:PTK - Get Free Report) were up 15.1% on Thursday . The company traded as high as C$9.94 and last traded at C$9.58. Approximately 170,822 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 138,756 shares. The stock had previously closed at C$8.32.
POET Technologies Price Performance
The stock has a 50 day moving average of C$6.42 and a two-hundred day moving average of C$6.37. The company has a debt-to-equity ratio of 1.20, a quick ratio of 5.08 and a current ratio of 2.20. The firm has a market capitalization of C$485.69 million, a P/E ratio of -10.25 and a beta of 0.48.
POET Technologies Company Profile
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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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