POET Technologies (CVE:PTK) Stock Price Up 19.9% - What's Next?

POET Technologies Inc. (CVE:PTK - Get Free Report) shares rose 19.9% on Thursday . The company traded as high as C$6.64 and last traded at C$6.63. Approximately 165,609 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 151,659 shares. The stock had previously closed at C$5.53.

POET Technologies Trading Down 0.5 %

The stock's fifty day simple moving average is C$6.41 and its two-hundred day simple moving average is C$6.23. The firm has a market cap of C$289.14 million, a PE ratio of -6.10 and a beta of 0.48. The company has a quick ratio of 5.08, a current ratio of 2.20 and a debt-to-equity ratio of 1.20.

Insider Buying and Selling

In other news, Director James Lee sold 5,000 shares of POET Technologies stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$9.54, for a total value of C$47,682.00. 0.82% of the stock is currently owned by company insiders.

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.