POET Technologies (CVE:PTK) Trading Up 16.6% - What's Next?

POET Technologies Inc. (CVE:PTK - Get Free Report)'s share price shot up 16.6% during mid-day trading on Wednesday . The stock traded as high as C$7.00 and last traded at C$6.88. 393,850 shares changed hands during mid-day trading, an increase of 211% from the average session volume of 126,675 shares. The stock had previously closed at C$5.90.

POET Technologies Stock Up 6.6%

The company's fifty day moving average is C$5.91 and its 200-day moving average is C$6.32. The company has a market capitalization of C$366.87 million, a PE ratio of -7.74 and a beta of 0.48. The company has a debt-to-equity ratio of 1.20, a quick ratio of 5.08 and a current ratio of 2.20.

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.