POET Technologies (OTCMKTS:POETF) Trading Up 2.7% – What’s Next?

POET Technologies Inc. (OTCMKTS:POETF)’s stock price shot up 2.7% during mid-day trading on Friday . The company traded as high as $8.73 and last traded at $8.31. 11,808,607 shares were traded during mid-day trading, an increase of 7,826% from the average session volume of 148,995 shares. The stock had previously closed at $8.09.

POET Technologies Stock Performance

The stock has a 50-day moving average of $6.08 and a 200 day moving average of $6.09. The firm has a market capitalization of $3.03 billion, a P/E ratio of -166.00 and a beta of 0.81.

About POET Technologies

POET Technologies Inc is a Canada-based company that develops and manufactures heterogeneous integration substrates for the optoelectronics industry. Leveraging its proprietary planar optical and electrical integration (POET) platform, the company provides a wafer-scale approach to combine silicon-based photonics with active optical and electronic components. By embedding waveguides and interconnects directly into a polymer-based core layer, POET’s technology supports high-speed data transmission and miniaturized optical modules suitable for telecommunications, data centers and emerging photonic applications.

The company’s core offering, known as the iPOET™ integration platform, enables customers to assemble lasers, detectors and electronics on a single substrate without the need for costly coupling and alignment processes.