POET Technologies (CVE:PTK) Stock Price Up 6.6% - Here's What Happened

Shares of POET Technologies Inc. (CVE:PTK - Get Free Report) shot up 6.6% during trading on Friday . The stock traded as high as C$7.77 and last traded at C$7.41. 449,126 shares changed hands during mid-day trading, an increase of 243% from the average session volume of 130,911 shares. The stock had previously closed at C$6.95.

POET Technologies Stock Performance

The stock has a market capitalization of C$381.22 million, a P/E ratio of -8.05 and a beta of 0.48. The firm has a 50-day moving average of C$5.91 and a 200 day moving average of C$6.32. The company has a quick ratio of 5.08, a current ratio of 2.20 and a debt-to-equity ratio of 1.20.

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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