POET Technologies (CVE:PTK) Sets New 12-Month High – Still a Buy?

POET Technologies Inc. (CVE:PTK)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$7.75 and last traded at C$7.60, with a volume of 156407 shares traded. The stock had previously closed at C$7.12.

Wall Street Analyst Weigh In

Separately, Northland Capmk upgraded POET Technologies to a “strong-buy” rating in a report on Monday, November 18th.

POET Technologies Price Performance

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’s 50 day simple moving average is C$5.71 and its two-hundred day simple moving average is C$4.29. The stock has a market cap of C$528.96 million, a price-to-earnings ratio of -10.41 and a beta of 0.48.

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.