POET Technologies Target of Unusually High Options Trading (NASDAQ:POET)

POET Technologies Inc. (NASDAQ:POET) was the target of unusually large options trading on Wednesday. Traders acquired 4,655 call options on the stock. This is an increase of approximately 149% compared to the typical daily volume of 1,873 call options.

Wall Street Analyst Weigh In

Separately, Craig Hallum increased their price target on POET Technologies from $3.00 to $3.50 and gave the stock a “buy” rating in a research note on Thursday, September 12th.

POET Technologies Trading Down 3.6 %

Shares of POET stock traded down $0.15 during trading hours on Wednesday, reaching $4.06. The stock had a trading volume of 514,788 shares, compared to its average volume of 944,062. The stock’s fifty day simple moving average is $3.29 and its 200 day simple moving average is $2.51. The firm has a market capitalization of $251.53 million, a PE ratio of -8.59 and a beta of 0.30. POET Technologies has a 12 month low of $0.72 and a 12 month high of $5.60.

POET Technologies (NASDAQ:POET) last posted its earnings results on Wednesday, August 14th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). As a group, equities research analysts anticipate that POET Technologies will post -0.39 EPS for the current fiscal 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. It 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.