POET Technologies Inc. (CVE:PTK - Get Free Report)'s stock price shot up 16.6% on Wednesday . The stock traded as high as C$7.00 and last traded at C$6.88. 393,850 shares changed hands during 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 Performance
The firm has a market capitalization of C$351.52 million, a price-to-earnings ratio of -7.42 and a beta of 0.48. The company has a quick ratio of 5.08, a current ratio of 2.20 and a debt-to-equity ratio of 1.20. The stock's fifty day moving average is C$5.83 and its two-hundred day moving average is C$6.31.
About POET Technologies
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider POET Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and POET Technologies wasn't on the list.
While POET Technologies currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
