POET Technologies (CVE:PTK) Reaches New 52-Week High at $7.50

POET Technologies Inc. (CVE:PTK)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$7.50 and last traded at C$7.10, with a volume of 823120 shares changing hands. The stock had previously closed at C$5.96.

POET Technologies Stock Up 11.1 %

The firm has a 50 day simple moving average of C$4.08 and a two-hundred day simple moving average of C$3.09. The company has a debt-to-equity ratio of 1.63, a current ratio of 6.71 and a quick ratio of 5.08. The stock has a market cap of C$434.27 million, a price-to-earnings ratio of -8.28 and a beta of 0.42.

POET Technologies (CVE:PTK) last released its earnings results on Wednesday, August 14th. The company reported C($0.19) earnings per share for the quarter, missing the consensus estimate of C($0.12) by C($0.07). As a group, sell-side analysts expect that POET Technologies Inc. will post -0.79625 EPS for the current 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.