POET Technologies Inc. (CVE:PTK - Get Free Report) shares were up 24% during mid-day trading on Friday . The stock traded as high as C$10.53 and last traded at C$10.22. Approximately 338,099 shares traded hands during mid-day trading, an increase of 137% from the average daily volume of 142,552 shares. The stock had previously closed at C$8.24.
Analysts Set New Price Targets
Separately, Northland Capmk raised POET Technologies to a "strong-buy" rating in a research note on Monday, November 18th.
Get Our Latest Report on POET Technologies
POET Technologies Trading Up 21.4 %
The company's 50-day moving average is C$6.19 and its 200-day moving average is C$4.87. The company has a debt-to-equity ratio of 1.63, a quick ratio of 5.08 and a current ratio of 6.71. The firm has a market cap of C$696 million, a price-to-earnings ratio of -13.70 and a beta of 0.48.
Insider Transactions at POET Technologies
In other news, Director James Lee sold 25,000 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$6.95, for a total transaction of C$173,712.50. Also, Senior Officer Vivek Rajgarhia sold 5,000 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$7.24, for a total value of C$36,219.00. 0.82% of the stock is owned by company insiders.
POET Technologies Company Profile
(
Get Free Report)
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.
Read More
Before you consider POET Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and POET Technologies wasn't on the list.
While POET Technologies currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
