POET Technologies (CVE:PTK) Upgraded by Northland Capmk to "Strong-Buy" Rating

POET Technologies (CVE:PTK - Get Free Report) was upgraded by equities researchers at Northland Capmk to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports.

POET Technologies Trading Up 10.6 %

PTK traded up C$0.54 on Monday, hitting C$5.65. The company had a trading volume of 275,206 shares, compared to its average volume of 127,286. The company has a market cap of C$393.24 million, a PE ratio of -7.74 and a beta of 0.48. The company has a quick ratio of 5.08, a current ratio of 6.71 and a debt-to-equity ratio of 1.63. The business's fifty day simple moving average is C$5.35 and its 200 day simple moving average is C$4.11. POET Technologies has a 12-month low of C$1.01 and a 12-month high of C$7.50.

POET Technologies Company Profile

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.