POET Technologies (CVE:PTK) Upgraded to Strong-Buy at Northland Capmk

POET Technologies (CVE:PTK) was upgraded by investment analysts at Northland Capmk to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

POET Technologies Trading Down 0.2 %

Shares of PTK opened at C$5.11 on Monday. POET Technologies has a 1-year low of C$1.01 and a 1-year high of C$7.50. The company has a debt-to-equity ratio of 1.63, a current ratio of 6.71 and a quick ratio of 5.08. The firm has a 50 day simple moving average of C$5.32 and a 200-day simple moving average of C$4.09. The stock has a market cap of C$355.66 million, a price-to-earnings ratio of -7.00 and a beta of 0.48.

About POET Technologies

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.