Shares of POET Technologies Inc. (CVE:PTK - Get Free Report) shot up 17.6% during trading on Wednesday . The company traded as high as C$7.00 and last traded at C$6.94. 342,271 shares were traded during trading, an increase of 171% from the average session volume of 126,268 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 stock's 50-day simple moving average is C$5.91 and its 200 day simple moving average is C$6.32. The stock has a market capitalization of C$366.87 million, a P/E ratio of -7.74 and a beta of 0.48.
POET Technologies Company Profile
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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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