POET Technologies (CVE:PTK) Trading 27.8% Higher

POET Technologies Inc. (CVE:PTK) shot up 27.8% during trading on Monday . The company traded as high as C$1.93 and last traded at C$1.84. 66,978 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 65,726 shares. The stock had previously closed at C$1.44.

POET Technologies Price Performance

The stock’s 50-day simple moving average is C$1.75 and its 200 day simple moving average is C$1.92. The company has a quick ratio of 5.08, a current ratio of 1.25 and a debt-to-equity ratio of 11.00. The company has a market cap of C$102.79 million, a price-to-earnings ratio of -3.09 and a beta of 0.55.

POET Technologies (CVE:PTK) last issued its quarterly earnings results on Friday, March 15th. The company reported C($0.18) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.18). The business had revenue of C$0.15 million for the quarter. On average, equities research analysts anticipate 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. It 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.