POET Technologies (NASDAQ:POET) Issues Quarterly Earnings Results

POET Technologies (NASDAQ:POET) posted its earnings results on Monday. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.28), Zacks reports. The business had revenue of $0.03 million during the quarter, compared to the consensus estimate of $0.05 million.

POET Technologies Trading Up 6.1 %

NASDAQ:POET traded up $0.23 during mid-day trading on Wednesday, hitting $3.90. The stock had a trading volume of 190,276 shares, compared to its average volume of 1,601,993. The company has a 50 day simple moving average of $4.32 and a 200-day simple moving average of $4.47. The stock has a market capitalization of $304.10 million, a price-to-earnings ratio of -6.60 and a beta of 0.60. POET Technologies has a 52 week low of $1.00 and a 52 week high of $7.79.

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. It 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.