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POET Technologies (CVE:PTK) Shares Up 0.7% - Here's What Happened

POET Technologies logo with Computer and Technology background

POET Technologies Inc. (CVE:PTK - Get Free Report) was up 0.7% on Monday . The stock traded as high as C$5.87 and last traded at C$5.78. Approximately 33,585 shares traded hands during trading, a decline of 74% from the average daily volume of 130,671 shares. The stock had previously closed at C$5.74.

POET Technologies Stock Performance

The stock has a market cap of C$288.15 million, a P/E ratio of -6.08 and a beta of 0.48. The firm has a 50 day moving average of C$5.73 and a two-hundred day moving average of C$6.41. The company has a debt-to-equity ratio of 1.20, a quick ratio of 5.08 and a current ratio of 2.20.

About POET Technologies

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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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