POET Technologies Inc. (CVE:PTK - Get Free Report) shares traded up 12.8% on Thursday . The stock traded as high as C$6.43 and last traded at C$6.24. 81,106 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 149,759 shares. The stock had previously closed at C$5.53.
POET Technologies Trading Down 1.0 %
The company has a market cap of C$287.65 million, a price-to-earnings ratio of -6.07 and a beta of 0.48. The company has a current ratio of 2.20, a quick ratio of 5.08 and a debt-to-equity ratio of 1.20. The business's 50 day moving average price is C$6.41 and its 200-day moving average price is C$6.23.
Insiders Place Their Bets
In other POET Technologies news, Director James Lee sold 5,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$9.54, for a total transaction of C$47,682.00. Company insiders own 0.82% of the company's stock.
About POET Technologies
(
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.
See Also
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
