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POET Technologies (OTCMKTS:POETF) Shares Down 3.2% - Here's What Happened

POET Technologies logo with Computer and Technology background

Key Points

  • POET Technologies' share price decreased by 3.2% during mid-day trading, closing at $4.90, following a previous close of $5.06.
  • The stock saw a trading volume increase of 681% compared to the average session, with over 1.1 million shares traded.
  • With a market capitalization of $1.79 billion, POET Technologies has a P/E ratio of -98.00, indicating financial challenges despite its innovative opto-electronic solutions.
  • Interested in POET Technologies? Here are five stocks we like better.

POET Technologies Inc. (OTCMKTS:POETF - Get Free Report)'s share price fell 3.2% during trading on Wednesday . The stock traded as low as $4.87 and last traded at $4.90. 1,163,826 shares traded hands during trading, an increase of 681% from the average session volume of 148,995 shares. The stock had previously closed at $5.06.

POET Technologies Price Performance

The firm has a market cap of $1.95 billion, a PE ratio of -107.00 and a beta of 0.81. The firm has a 50-day simple moving average of $5.54 and a 200 day simple moving average of $4.62.

POET Technologies Company Profile

(Get Free Report)

POET Technologies, Inc engages in the designing, developing, manufacturing and sale of opto-electronic solutions for the sensing, data communications and telecommunications markets. It developed POET Optical Interposer platform, which allows the integration of electronic and photonic devices into a single multi-chip module.

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