POET Technologies Inc. (CVE:PTK - Get Free Report) shares rose 18.1% during mid-day trading on Wednesday . The company traded as high as C$8.43 and last traded at C$8.24. Approximately 322,979 shares changed hands during trading, an increase of 128% from the average daily volume of 141,842 shares. The stock had previously closed at C$6.98.
Wall Street Analyst Weigh In
Separately, Northland Capmk raised POET Technologies to a "strong-buy" rating in a report on Monday, November 18th.
Check Out Our Latest Stock Analysis on POET Technologies
POET Technologies Price Performance
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 company has a market capitalization of C$573.50 million, a P/E ratio of -11.29 and a beta of 0.48. The firm's fifty day moving average is C$6.13 and its 200 day moving average is C$4.84.
Insider Transactions at POET Technologies
In other POET Technologies news, Senior Officer Vivek Rajgarhia sold 5,000 shares of POET Technologies stock in a transaction 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. Also, Director James Lee sold 25,000 shares of the stock in a transaction 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. 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.
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