POET Technologies (CVE:PTK) Stock Price Up 17.9%

Shares of POET Technologies Inc. (CVE:PTK) rose 17.9% on Monday . The stock traded as high as C$4.08 and last traded at C$4.02. Approximately 437,185 shares traded hands during mid-day trading, an increase of 375% from the average daily volume of 92,043 shares. The stock had previously closed at C$3.41.

POET Technologies Stock Up 17.9 %

The firm has a market cap of C$191.31 million, a price-to-earnings ratio of -4.87 and a beta of 0.55. The firm’s fifty day moving average is C$1.83 and its two-hundred day moving average is C$1.88. The company has a debt-to-equity ratio of 11.00, a current ratio of 1.25 and a quick ratio of 5.08.

POET Technologies (CVE:PTK) last posted its quarterly earnings data on Friday, March 15th. The company reported C($0.18) earnings per share for the quarter, hitting the consensus estimate of C($0.18). The company had revenue of C$0.15 million during the quarter. On average, sell-side analysts expect that POET Technologies Inc. will post -0.79625 EPS 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.