POET Technologies (CVE:PTK) Trading Up 12.8% – Time to Buy?

Posted by Doug Wharley on Nov 26th, 2024

POET Technologies Inc. (CVE:PTK – Get Free Report)’s stock price traded up 12.8% on Tuesday . The stock traded as high as C$6.73 and last traded at C$6.68. 187,511 shares traded hands during trading, an increase of 47% from the average session volume of 127,751 shares. The stock had previously closed at C$5.92.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on PTK

POET Technologies Stock Up 16.6 %

The business’s fifty day moving average price is C$5.47 and its 200 day moving average price is C$4.19. The firm has a market capitalization of C$480.24 million, a price-to-earnings ratio of -9.12 and a beta of 0.48. The company has a current ratio of 6.71, a quick ratio of 5.08 and a debt-to-equity ratio of 1.63.

POET Technologies Company Profile

(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.