POET Technologies (NASDAQ:POET) Shares Down 7.5%

Shares of POET Technologies Inc. (NASDAQ:POET) were down 7.5% during mid-day trading on Thursday . The stock traded as low as $1.91 and last traded at $1.97. Approximately 636,491 shares changed hands during mid-day trading, an increase of 26% from the average daily volume of 505,266 shares. The stock had previously closed at $2.13.

POET Technologies Stock Performance

The firm has a 50 day simple moving average of $1.71 and a 200 day simple moving average of $1.35.

POET Technologies (NASDAQ:POET) last released its quarterly earnings data on Friday, March 15th. The company reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). The business had revenue of $0.11 million for the quarter. As a group, equities research analysts anticipate that POET Technologies Inc. will post -0.47 earnings per share for the current year.

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. 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.