POET Technologies (CVE:PTK) Stock Price Down 5.5% - Here's Why

Key Points

• POET Technologies Inc. experienced a 5.5% decline in stock price, closing at C$8.05 after trading as low as C$8.01 on Monday.
• The company has a market capitalization of C$398.55 million and a PE ratio of -8.41, indicating it is currently operating at a loss.
• POET Technologies specializes in opto-electronic solutions, utilizing their innovative POET Optical Interposer platform for integrating electronic and photonic devices.

POET Technologies Inc. (CVE:PTK - ) dropped 5.5% on Monday . The stock traded as low as C$8.01 and last traded at C$8.05. Approximately 291,033 shares traded hands during mid-day trading, an increase of 82% from the average daily volume of 159,583 shares. The stock had previously closed at C$8.52.

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 stock has a market capitalization of C$398.55 million, a PE ratio of -8.41 and a beta of 0.48. The firm has a fifty day moving average price of C$7.02 and a two-hundred day moving average price of C$6.39.

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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