POET Technologies (OTCMKTS:POETF) Trading Up 2.7% - Here's What Happened

Key Points

• Shares jumped 2.7% to $7.31 (intraday high $7.4750) on Monday as volume exploded to 25,926,265 shares, about a 17,301% increase versus average session volume.
• Company profile and valuation: POET (market cap $2.67 billion) develops wafer‑scale heterogeneous integration substrates and its iPOET™ platform integrates silicon photonics with lasers, detectors and electronics for telecom and data‑center uses, though the firm currently shows a negative P/E (-146.2).

POET Technologies Inc. (OTCMKTS:POETF - Get Free Report)'s share price shot up 2.7% on Monday . The company traded as high as $7.4750 and last traded at $7.31. 25,926,265 shares traded hands during mid-day trading, an increase of 17,301% from the average session volume of 148,995 shares. The stock had previously closed at $7.12.

POET Technologies Stock Up 2.7%

The stock has a fifty day moving average of $6.96 and a two-hundred day moving average of $6.56. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -146.20 and a beta of 0.81.

POET Technologies Company Profile

POET Technologies Inc is a Canada-based company that develops and manufactures heterogeneous integration substrates for the optoelectronics industry. Leveraging its proprietary planar optical and electrical integration (POET) platform, the company provides a wafer-scale approach to combine silicon-based photonics with active optical and electronic components. By embedding waveguides and interconnects directly into a polymer-based core layer, POET's technology supports high-speed data transmission and miniaturized optical modules suitable for telecommunications, data centers and emerging photonic applications.

The company's core offering, known as the iPOET™ integration platform, enables customers to assemble lasers, detectors and electronics on a single substrate without the need for costly coupling and alignment processes.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.