POET Technologies (CVE:PTK) Trading 9.4% Higher – What’s Next?

POET Technologies Inc. (CVE:PTK)’s stock price shot up 9.4% during mid-day trading on Tuesday . The company traded as high as C$5.62 and last traded at C$5.59. 157,007 shares traded hands during trading, an increase of 24% from the average session volume of 126,758 shares. The stock had previously closed at C$5.11.

Analyst Ratings Changes

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

POET Technologies Stock Up 3.1 %

The company has a current ratio of 6.71, a quick ratio of 5.08 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of C$391.85 million, a price-to-earnings ratio of -7.71 and a beta of 0.48. The stock has a fifty day moving average of C$5.38 and a 200-day moving average of C$4.12.

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.