POET Technologies (CVE:PTK) Stock Price Down 1.5% – Here’s What Happened

by · The Cerbat Gem

POET Technologies Inc. (CVE:PTK – Get Free Report)’s stock price was down 1.5% during mid-day trading on Thursday . The company traded as low as C$7.29 and last traded at C$7.38. Approximately 152,071 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 156,992 shares. The stock had previously closed at C$7.49.

POET Technologies Price Performance

The company has a 50-day moving average of C$7.38 and a 200 day moving average of C$7.28. The company has a quick ratio of 5.08, a current ratio of 2.20 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of C$669.51 million, a PE ratio of -9.11 and a beta of 0.82.

About POET Technologies

(Get Free Report)

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.

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