POET Technologies (NASDAQ:POET - Get Free Report) released its quarterly earnings results on Monday, March 31st. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.28), Zacks reports. The firm had revenue of $0.03 million for the quarter, compared to analyst estimates of $0.05 million.
POET Technologies Price Performance
Shares of NASDAQ POET traded down $0.27 during midday trading on Monday, hitting $3.33. 1,723,841 shares of the company's stock were exchanged, compared to its average volume of 1,627,260. POET Technologies has a twelve month low of $1.00 and a twelve month high of $7.79. The firm has a market cap of $259.99 million, a P/E ratio of -5.64 and a beta of 0.48. The stock's 50 day moving average price is $4.24 and its 200-day moving average price is $4.49.
About POET Technologies
(
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POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It 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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