POET Technologies (CVE:PTK) Trading Up 15.3%

POET Technologies Inc. (CVE:PTK) shares were up 15.3% on Friday . The company traded as high as C$4.66 and last traded at C$4.60. Approximately 127,309 shares traded hands during trading, an increase of 25% from the average daily volume of 102,146 shares. The stock had previously closed at C$3.99.

POET Technologies Stock Performance

The stock’s 50 day moving average price is C$2.85 and its 200 day moving average price is C$2.06. The company has a debt-to-equity ratio of 8.54, a quick ratio of 5.08 and a current ratio of 2.27. The company has a market capitalization of C$287.33 million, a P/E ratio of -5.96 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. As a group, equities analysts expect that POET Technologies Inc. will post -0.79625 EPS for the current 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.