POET Technologies (OTCMKTS:POETF) Trading Up 3.2%
POET Technologies Inc (OTCMKTS:POETF)’s share price was up 3.2% during mid-day trading on Thursday . The company traded as high as $0.28 and last traded at $0.28, approximately 146,500 shares were traded during mid-day trading. An increase of 128% from the average daily volume of 64,221 shares. The stock had previously closed at $0.27.
A number of research analysts recently issued reports on POETF shares. HC Wainwright set a $2.00 price target on POET Technologies and gave the company a “buy” rating in a report on Thursday, August 22nd. ValuEngine cut POET Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Finally, Zacks Investment Research cut POET Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.
The stock has a fifty day moving average of $0.27 and a 200-day moving average of $0.28.
POET Technologies Inc designs, manufactures, and sells semi-conductor products in the United States, Canada, and Singapore. It offers optical light source products and photonic integrated devices for the sensing, data and tele communications, medical, instrumentation, industrial, defense, and security markets.
Further Reading: Limitations of analyzing profit margin
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