POET Technologies (CVE:PTK) Trading 12.8% Higher – Time to Buy?

POET Technologies Inc. (CVE:PTK)’s stock price was up 12.8% on Tuesday . The stock traded as high as C$6.73 and last traded at C$6.68. Approximately 187,511 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 127,751 shares. The stock had previously closed at C$5.92.

Analyst Ratings Changes

Separately, Northland Capmk raised shares of POET Technologies to a “strong-buy” rating in a research note on Monday, November 18th.

POET Technologies Trading Up 16.6 %

The firm has a market capitalization of C$480.24 million, a price-to-earnings ratio of -9.12 and a beta of 0.48. The business’s 50-day simple moving average is C$5.47 and its two-hundred day simple moving average is C$4.19. The company has a quick ratio of 5.08, a current ratio of 6.71 and a debt-to-equity ratio of 1.63.

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.