POET Technologies (OTCMKTS:POETF) Trading Up 7.2% - Here's What Happened

Key Points

• POET Technologies' stock price rose by 7.2% during Thursday's trading session, reaching a high of $6.09 before settling at $5.94.
• The company experienced a significant trading volume increase, with approximately 4.46 million shares changing hands, a rise of 2,892% compared to its average daily volume.
• POET Technologies specializes in opto-electronic solutions for data communications and telecommunications, leveraging its POET Optical Interposer platform for device integration.

POET Technologies Inc. (OTCMKTS:POETF - )'s stock price was up 7.2% during trading on Thursday . The company traded as high as $6.09 and last traded at $5.94. Approximately 4,458,272 shares traded hands during trading, an increase of 2,892% from the average daily volume of 148,995 shares. The stock had previously closed at $5.54.

POET Technologies Price Performance

The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of -118.80 and a beta of 0.81. The business's 50-day moving average price is $5.44 and its two-hundred day moving average price is $4.85.

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.

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.