POET Technologies (OTCMKTS:POETF) Reaches New 52-Week High – Should You Buy?

Shares of POET Technologies Inc. (OTCMKTS:POETFGet Free Report) hit a new 52-week high on Tuesday . The company traded as high as $5.30 and last traded at $5.02, with a volume of 1573236 shares. The stock had previously closed at $5.19.

POET Technologies Stock Down 3.3 %

The stock has a 50-day moving average of $4.18 and a 200 day moving average of $3.24. The stock has a market cap of $1.83 billion, a PE ratio of -103.80 and a beta of 0.81.

POET Technologies Company Profile

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POET Technologies, Inc engages in the designing, developing, manufacturing and sale of opto-electronic solutions for the sensing, data communications and telecommunications markets. It developed POET Optical Interposer platform, which allows the integration of electronic and photonic devices into a single multi-chip module.

Further Reading

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