POET Technologies (CVE:PTK) Stock Price Up 21.1% - What's Next?

POET Technologies Inc. (CVE:PTK - Get Free Report) shares were up 21.1% on Friday . The company traded as high as C$10.53 and last traded at C$9.98. Approximately 293,539 shares traded hands during mid-day trading, an increase of 106% from the average daily volume of 142,304 shares. The stock had previously closed at C$8.24.

Analyst Upgrades and Downgrades

Separately, Northland Capmk raised shares of POET Technologies to a "strong-buy" rating in a report on Monday, November 18th.

POET Technologies Stock Performance

The company has a current ratio of 6.71, a quick ratio of 5.08 and a debt-to-equity ratio of 1.63. The stock's 50 day moving average price is C$6.19 and its two-hundred day moving average price is C$4.87. The firm has a market capitalization of C$696 million, a PE ratio of -13.70 and a beta of 0.48.

Insider Buying and Selling at POET Technologies

In related news, Senior Officer Vivek Rajgarhia sold 5,000 shares of POET Technologies stock in a transaction on Wednesday, December 11th. The shares were 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 business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$6.95, for a total transaction of C$173,712.50. 0.82% of the stock is owned by company insiders.

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.