POET Technologies (CVE:PTK) Hits New 52-Week High at $0.71

POET Technologies Inc (CVE:PTK) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.71 and last traded at C$0.63, with a volume of 1720804 shares trading hands. The stock had previously closed at C$0.53.

The firm has a 50 day moving average of C$0.55 and a 200-day moving average of C$0.46. The company has a market cap of $165.36 million and a P/E ratio of -22.08. The company has a current ratio of 4.13, a quick ratio of 2.93 and a debt-to-equity ratio of 17.33.

POET Technologies (CVE:PTK) last issued its earnings results on Thursday, May 28th. The company reported C($0.01) earnings per share (EPS) for the quarter. Equities analysts predict that POET Technologies Inc will post -0.04 EPS for the current fiscal year.

About POET Technologies (CVE:PTK)

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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