POET Technologies (OTCMKTS:POETF) Hits New 52-Week High – Should You Buy?

POET Technologies Inc. (OTCMKTS:POETFGet Free Report) hit a new 52-week high on Monday . The company traded as high as $4.04 and last traded at $3.82, with a volume of 1616706 shares. The stock had previously closed at $4.04.

POET Technologies Stock Performance

The firm has a market capitalization of $1.42 billion, a P/E ratio of -80.20 and a beta of 0.81. The business has a 50 day simple moving average of $3.78 and a two-hundred day simple moving average of $2.95.

About POET Technologies

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POET Technologies, Inc engages in the designing, developing, manufacturing and sale of opto-electronic solutions for the sensing, data communications and telecommunications markets. It developed POET Optical Interposer platform, which allows the integration of electronic and photonic devices into a single multi-chip module.

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