Shares of POET Technologies Inc. (CVE:PTK - Get Free Report) were up 17.1% during mid-day trading on Wednesday . The stock traded as high as C$7.29 and last traded at C$6.91. Approximately 542,631 shares changed hands during trading, an increase of 324% from the average daily volume of 128,035 shares. The stock had previously closed at C$5.90.
POET Technologies Stock Performance
The stock has a market capitalization of C$344.09 million, a price-to-earnings ratio of -7.26 and a beta of 0.48. The company has a quick ratio of 5.08, a current ratio of 2.20 and a debt-to-equity ratio of 1.20. The stock's 50-day simple moving average is C$5.83 and its 200 day simple moving average is C$6.31.
About POET Technologies
(
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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.
Further Reading
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