POET Technologies (CVE:PTK) Trading Up 10.5%

POET Technologies Inc. (CVE:PTK)’s share price shot up 10.5% on Thursday . The company traded as high as C$3.10 and last traded at C$3.06. 100,104 shares were traded during trading, a decline of 4% from the average session volume of 104,141 shares. The stock had previously closed at C$2.77.

POET Technologies Stock Performance

The company has a debt-to-equity ratio of 11.00, a quick ratio of 5.08 and a current ratio of 1.25. The company has a market cap of C$140.39 million, a PE ratio of -4.21 and a beta of 0.55. The company’s 50 day moving average price is C$2.04 and its 200-day moving average price is C$1.85.

POET Technologies (CVE:PTK) last issued its earnings results on Friday, March 15th. The company reported C($0.18) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.18). The firm had revenue of C$0.15 million during the quarter. Equities research analysts anticipate that POET Technologies Inc. will post -0.79625 earnings per share 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.