POET Technologies (CVE:PTK) Sets New 12-Month High – Time to Buy?

POET Technologies Inc. (CVE:PTK) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$7.75 and last traded at C$7.60, with a volume of 156407 shares traded. The stock had previously closed at C$7.12.

Analyst Upgrades and Downgrades

Separately, Northland Capmk raised POET Technologies to a “strong-buy” rating in a research report on Monday, November 18th.

POET Technologies Stock Up 4.9 %

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 cap of C$519.91 million, a PE ratio of -9.75 and a beta of 0.48. The company’s 50-day moving average price is C$5.64 and its 200 day moving average price is C$4.26.

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.