POET Technologies (CVE:PTK) Shares Down 10.6%

Shares of POET Technologies Inc. (CVE:PTK) were down 10.6% during mid-day trading on Thursday . The company traded as low as C$2.77 and last traded at C$2.77. Approximately 181,976 shares were traded during trading, an increase of 126% from the average daily volume of 80,386 shares. The stock had previously closed at C$3.10.

POET Technologies Price Performance

The stock has a market cap of C$162.28 million, a price-to-earnings ratio of -4.87 and a beta of 0.55. The company has a 50 day simple moving average of C$1.80 and a 200-day simple moving average of C$1.91. The company has a current ratio of 1.25, a quick ratio of 5.08 and a debt-to-equity ratio of 11.00.

POET Technologies (CVE:PTK) last announced its earnings results on Friday, March 15th. The company reported C($0.18) EPS for the quarter, hitting the consensus estimate of C($0.18). The business had revenue of C$0.15 million for the quarter. Research analysts expect that POET Technologies Inc. will post -0.79625 EPS for the current year.

POET Technologies Company Profile

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.