POET Technologies (CVE:PTK) Shares Up 21.5% - Still a Buy?

Shares of POET Technologies Inc. (CVE:PTK - Get Free Report) were up 21.5% during trading on Wednesday . The stock 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 Performance

The company has a debt-to-equity ratio of 1.20, a current ratio of 2.20 and a quick ratio of 5.08. The firm has a fifty day simple moving average of C$5.83 and a 200 day simple moving average of C$6.31. The company has a market cap of C$346.07 million, a price-to-earnings ratio of -7.30 and a beta of 0.48.

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. 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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