POET Technologies (CVE:PTK) Shares Down 2.6% – Should You Sell?

POET Technologies Inc. (CVE:PTK)’s share price fell 2.6% during trading on Thursday . The stock traded as low as C$5.11 and last traded at C$5.24. 114,443 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 125,600 shares. The stock had previously closed at C$5.38.

POET Technologies Price Performance

The company has a market capitalization of C$357.74 million, a PE ratio of -7.04 and a beta of 0.48. The company has a debt-to-equity ratio of 1.63, a current ratio of 6.71 and a quick ratio of 5.08. The company’s 50 day simple moving average is C$5.03 and its 200 day simple moving average is C$3.86.

POET Technologies (CVE:PTK) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C($0.19) EPS for the quarter, missing the consensus estimate of C($0.12) by C($0.07). As a group, sell-side analysts predict that POET Technologies Inc. will post -0.79625 earnings per share for the current 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.