POET Technologies (CVE:PTK) Sets New 12-Month High - Should You Buy?

POET Technologies Inc. (CVE:PTK - Get Free Report) hit a new 52-week high on Friday . The stock traded as high as C$7.75 and last traded at C$7.60, with a volume of 156407 shares changing hands. The stock had previously closed at C$7.12.

Analyst Ratings Changes

Separately, Northland Capmk upgraded shares of POET Technologies to a "strong-buy" rating in a report on Monday, November 18th.

POET Technologies Price Performance

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 stock has a market cap of C$528.96 million, a P/E ratio of -10.41 and a beta of 0.48. The company's 50 day simple moving average is C$5.71 and its 200 day simple moving average is C$4.29.

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.