POET Technologies (CVE:PTK) Stock Price Down 2.5% - Should You Sell?

Key Points

• POET Technologies Inc. shares are down 2.5%, trading at C$6.79, with a significant drop in trading volume of 48% compared to the average.
• The company's market capitalization stands at C$336.17 million, with a negative PE ratio of -7.10, indicating potential challenges in profitability.
• POET Technologies specializes in developing and manufacturing opto-electronic solutions, leveraging the POET Optical Interposer for integrating electronic and photonic devices.

Shares of POET Technologies Inc. (CVE:PTK - ) were down 2.5% during trading on Tuesday . The stock traded as low as C$6.76 and last traded at C$6.79. Approximately 81,989 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 158,003 shares. The stock had previously closed at C$6.97.

POET Technologies Price Performance

The firm's fifty day moving average price is C$7.46 and its 200 day moving average price is C$6.42. 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 has a market cap of C$336.17 million, a PE ratio of -7.10 and a beta of 0.48.

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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