POET Technologies Inc. (CVE:PTK - Get Free Report) shares rose 20.5% during mid-day trading on Friday . The stock traded as high as C$10.53 and last traded at C$9.93. Approximately 290,539 shares were traded during mid-day trading, an increase of 104% from the average daily volume of 142,304 shares. The stock had previously closed at C$8.24.
Wall Street Analyst Weigh In
Separately, Northland Capmk raised shares of POET Technologies to a "strong-buy" rating in a research report on Monday, November 18th.
View Our Latest Research Report on POET Technologies
POET Technologies Price Performance
The company has a market cap of C$696 million, a PE ratio of -13.70 and a beta of 0.48. The company has a debt-to-equity ratio of 1.63, a current ratio of 6.71 and a quick ratio of 5.08. The stock's 50-day moving average is C$6.19 and its 200 day moving average is C$4.87.
Insider Activity
In related news, Director James Lee sold 25,000 shares of the company's 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. Also, Senior Officer Vivek Rajgarhia sold 5,000 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$7.24, for a total value of C$36,219.00. 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.
Further Reading
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