POET Technologies (CVE:PTK) Trading Up 25.7% - Should You Buy?

POET Technologies Inc. (CVE:PTK - Get Free Report) shares shot up 25.7% on Friday . The stock traded as high as C$10.53 and last traded at C$10.36. 188,559 shares traded hands during trading, an increase of 33% from the average session volume of 141,772 shares. The stock had previously closed at C$8.24.

Analysts Set New Price Targets

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

POET Technologies Stock Up 21.4 %

The company has a market cap of C$696 million, a PE ratio of -13.70 and a beta of 0.48. The stock has a 50-day moving average of C$6.19 and a 200-day moving average of C$4.87. The company has a quick ratio of 5.08, a current ratio of 6.71 and a debt-to-equity ratio of 1.63.

Insiders Place Their Bets

In other POET Technologies news, Director James Lee sold 25,000 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$6.95, for a total value of C$173,712.50. Also, Senior Officer Vivek Rajgarhia sold 5,000 shares of POET Technologies stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$7.24, for a total transaction of C$36,219.00. Corporate insiders own 0.82% of the company's stock.

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.