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

Shares of POET Technologies Inc. (OTCMKTS:POETFGet Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $3.83 and last traded at $3.65, with a volume of 983880 shares. The stock had previously closed at $3.64.

POET Technologies Price Performance

The stock has a market capitalization of $1.33 billion, a PE ratio of -13.20 and a beta of 0.81. The firm’s 50 day simple moving average is $3.84 and its 200 day simple moving average is $2.98.

About POET Technologies

(Get Free Report)

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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