POET Technologies (CVE:PTK) Shares Up 17.4%

POET Technologies Inc. (CVE:PTK)’s share price rose 17.4% during trading on Friday . The stock traded as high as C$2.86 and last traded at C$2.83. Approximately 51,946 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 96,537 shares. The stock had previously closed at C$2.41.

POET Technologies Price Performance

The company has a 50-day moving average of C$2.72 and a two-hundred day moving average of C$1.97. The company has a debt-to-equity ratio of 8.54, a current ratio of 2.27 and a quick ratio of 5.08. The stock has a market capitalization of C$169.98 million, a PE ratio of -4.19 and a beta of 0.55.

POET Technologies (CVE:PTK) last posted its quarterly earnings data on Wednesday, May 15th. The company reported C($0.16) EPS for the quarter. The firm had revenue of C$0.01 million for the quarter. Sell-side analysts predict that POET Technologies Inc. will post -0.79625 EPS for the current fiscal year.

About POET Technologies

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