POET Technologies (OTCMKTS:POETF) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of POET Technologies (OTCMKTS:POETF) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, Zacks.com reports. Zacks Investment Research currently has $0.25 price target on the stock.

According to Zacks, “POET Technologies Inc. and its subsidiaries are developers of opto-electronic and photonic fabrication processes, devices and products. It offers photonic sensing and optical light source products. The company operates primarily in the United States, Canada and Singapore. POET Technologies Inc. is headquartered in Toronto, Canada. “

Several other research analysts have also commented on the company. ValuEngine lowered POET Technologies from a buy rating to a hold rating in a research report on Saturday, May 18th. HC Wainwright reiterated a buy rating and issued a $1.50 target price on shares of POET Technologies in a research report on Wednesday, May 1st.

Shares of POETF opened at $0.29 on Thursday. The company has a market capitalization of $82.74 million, a PE ratio of -4.79 and a beta of 0.84. POET Technologies has a 52 week low of $0.17 and a 52 week high of $0.34.

POET Technologies (OTCMKTS:POETF) last issued its earnings results on Tuesday, April 30th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $1.56 million during the quarter. POET Technologies had a negative return on equity of 69.03% and a negative net margin of 419.83%. Research analysts expect that POET Technologies will post -0.04 earnings per share for the current year.

POET Technologies Company Profile

POET Technologies Inc designs, manufactures, and sells semi-conductor products in the United States, Canada, and Singapore. It offers optical light source products and photonic integrated devices for the sensing, data and tele communications, medical, instrumentation, industrial, defense, and security markets.

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