Traders Buy High Volume of POET Technologies Call Options (NASDAQ:POET)

POET Technologies Inc. (NASDAQ:POET) saw unusually large options trading activity on Tuesday. Stock traders purchased 3,204 call options on the stock. This is an increase of approximately 994% compared to the average daily volume of 293 call options.

POET Technologies Stock Performance

Shares of NASDAQ:POET traded down $0.11 during midday trading on Tuesday, hitting $2.83. 2,997,883 shares of the company’s stock traded hands, compared to its average volume of 413,844. POET Technologies has a twelve month low of $0.72 and a twelve month high of $5.88. The company has a market cap of $136.52 million, a PE ratio of -6.43 and a beta of 0.70. The firm’s fifty day moving average price is $1.38 and its two-hundred day moving average price is $1.38.

POET Technologies (NASDAQ:POET) last posted its earnings results on Friday, March 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.13). The company had revenue of $0.11 million during the quarter. As a group, equities research analysts anticipate that POET Technologies will post -0.47 EPS for the current fiscal year.

POET Technologies Company Profile

POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It 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.