POET Technologies (CVE:PTK) Trading 12.8% Higher – Still a Buy?

POET Technologies Inc. (CVE:PTKGet Free Report)’s stock price traded up 12.8% during trading on Thursday . The stock traded as high as C$6.43 and last traded at C$6.24. 81,106 shares were traded during mid-day trading, a decline of 46% from the average session volume of 149,759 shares. The stock had previously closed at C$5.53.

POET Technologies Price Performance

The company’s 50-day moving average price is C$6.48 and its two-hundred day moving average price is C$6.19. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.20 and a quick ratio of 5.08. The company has a market capitalization of C$298.54 million, a P/E ratio of -6.30 and a beta of 0.48.

Insider Activity

In related news, Director James Lee sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$9.54, for a total transaction of C$47,682.00. 0.82% of the stock is owned by company insiders.

About POET Technologies

(Get Free Report)

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.

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