POET Technologies Inc. (CVE:PTK - Get Free Report)'s share price rose 21.5% during mid-day trading on Wednesday . The company traded as high as C$7.29 and last traded at C$7.17. Approximately 483,126 shares traded hands during trading, an increase of 279% from the average daily volume of 127,393 shares. The stock had previously closed at C$5.90.
POET Technologies Stock Down 2.4%
The company has a market cap of C$357.96 million, a price-to-earnings ratio of -7.55 and a beta of 0.48. The stock's 50-day moving average is C$5.95 and its 200-day moving average is C$6.31. 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
(
Get Free Report)
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.
Featured Articles
Before you consider POET Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and POET Technologies wasn't on the list.
While POET Technologies currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
