POET Technologies (OTCMKTS:POETF) Trading Down 5.8% - Should You Sell?

Key Points

• POET Technologies Inc. shares dropped by 5.8% on Tuesday, trading as low as $5.84 before closing at $5.87, amid a significant increase in trading volume by 2,074% compared to the average daily volume.
• The company's current P/E ratio stands at -117.40, and it has market capitalization of $2.14 billion, which may concern potential investors.
• POET Technologies specializes in designing and manufacturing opto-electronic solutions for various markets, leveraging its innovative POET Optical Interposer platform to integrate electronic and photonic devices.

POET Technologies Inc. (OTCMKTS:POETF - ) shares dropped 5.8% on Tuesday . The stock traded as low as $5.84 and last traded at $5.87. Approximately 3,238,727 shares were traded during trading, an increase of 2,074% from the average daily volume of 148,995 shares. The stock had previously closed at $6.23.

POET Technologies Price Performance

The company's 50-day moving average is $5.14 and its two-hundred day moving average is $4.56. The firm has a market cap of $2.14 billion, a P/E ratio of -117.40 and a beta of 0.81.

About POET Technologies

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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