POET Technologies (CVE:PTK) Shares Up 15.1% - Should You Buy?

POET Technologies Inc. (CVE:PTK - Get Free Report)'s share price was up 15.1% during trading on Thursday . The company traded as high as C$9.94 and last traded at C$9.58. Approximately 170,822 shares traded hands during 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 Stock Up 10.8%

The business has a fifty day moving average of C$6.26 and a 200 day moving average of C$6.37. The company has a market capitalization of C$456.48 million, a PE ratio of -9.63 and a beta of 0.48. The company has a current ratio of 2.20, a quick ratio of 5.08 and a debt-to-equity ratio of 1.20.

About POET Technologies

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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