POET Technologies (CVE:PTK) Trading Up 13.2%

POET Technologies Inc. (CVE:PTK)’s stock price was up 13.2% on Monday . The company traded as high as C$4.80 and last traded at C$4.80. Approximately 121,936 shares changed hands during trading, an increase of 14% from the average daily volume of 106,599 shares. The stock had previously closed at C$4.24.

POET Technologies Stock Performance

The stock has a market cap of C$280.07 million, a price-to-earnings ratio of -6.33 and a beta of 0.55. The stock’s 50 day moving average is C$2.95 and its two-hundred day moving average is C$2.20. The company has a current ratio of 2.27, a quick ratio of 5.08 and a debt-to-equity ratio of 8.54.

POET Technologies (CVE:PTK) last announced its quarterly earnings data on Wednesday, May 15th. The company reported C($0.16) EPS for the quarter. The business had revenue of C$0.01 million for the quarter. Analysts anticipate that POET Technologies Inc. will post -0.79625 earnings per share 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. 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.