POET Technologies (CVE:PTK) Shares Up 25.7% – What’s Next?

POET Technologies Inc. (CVE:PTK)’s share price shot up 25.7% during mid-day trading on Friday . The stock traded as high as C$10.53 and last traded at C$10.36. 188,559 shares were traded during mid-day trading, an increase of 33% from the average session volume of 141,772 shares. The stock had previously closed at C$8.24.

Wall Street Analyst Weigh In

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

POET Technologies Trading Up 21.4 %

The company has a debt-to-equity ratio of 1.63, a quick ratio of 5.08 and a current ratio of 6.71. The stock has a market capitalization of C$696 million, a PE ratio of -13.70 and a beta of 0.48. The business’s 50-day moving average is C$6.27 and its two-hundred day moving average is C$4.92.

Insider Activity at POET Technologies

In other POET Technologies news, Senior Officer Vivek Rajgarhia sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$7.24, for a total transaction of C$36,219.00. Also, Director James Lee sold 25,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$6.95, for a total transaction of C$173,712.50. 0.82% of the stock is owned by insiders.

POET Technologies Company Profile

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.