POET Technologies Target of Unusually High Options Trading (NASDAQ:POET)

POET Technologies Inc. (NASDAQ:POET - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Traders purchased 6,529 call options on the stock. This is an increase of 450% compared to the typical daily volume of 1,187 call options.

Analyst Ratings Changes

Separately, Craig Hallum upped their price target on shares of POET Technologies from $3.00 to $3.50 and gave the stock a "buy" rating in a research report on Thursday, September 12th.

POET Technologies Price Performance

NASDAQ POET traded up $0.35 on Tuesday, hitting $4.75. 16,548,348 shares of the stock were exchanged, compared to its average volume of 858,696. The business's fifty day moving average is $3.01 and its 200 day moving average is $2.29. POET Technologies has a 52 week low of $0.72 and a 52 week high of $5.60. The company has a market capitalization of $294.28 million, a PE ratio of -9.69 and a beta of 0.28.

POET Technologies (NASDAQ:POET - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Analysts predict that POET Technologies will post -0.39 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. It 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.