POET Technologies (CVE:PTK) Trading Up 6.9%

POET Technologies Inc. (CVE:PTK)’s share price shot up 6.9% on Monday . The company traded as high as C$4.01 and last traded at C$4.01. 53,156 shares were traded during mid-day trading, a decline of 50% from the average session volume of 105,523 shares. The stock had previously closed at C$3.75.

POET Technologies Trading Up 6.9 %

The company’s 50 day simple moving average is C$4.06 and its 200-day simple moving average is C$2.92. The firm has a market cap of C$263.06 million, a P/E ratio of -5.57 and a beta of 0.42. The company has a quick ratio of 5.08, a current ratio of 6.71 and a debt-to-equity ratio of 1.63.

POET Technologies (CVE:PTK) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.12) by C($0.07). As a group, research analysts predict that POET Technologies Inc. will post -0.79625 earnings per share for the current fiscal year.

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.