POET Technologies Inc. (OTCMKTS:POETF – Get Free Report) dropped 7.8% during mid-day trading on Tuesday. The stock traded as low as $4.7750 and last traded at $4.7950. 8,127,417 shares were traded during mid-day trading, an increase of 5,355% from the average daily volume of 148,995 shares. The stock had previously closed at $5.20.
POET Technologies Trading Down 7.8%
The company has a market cap of $1.75 billion, a PE ratio of -95.90 and a beta of 0.81. The business has a fifty day moving average of $7.02 and a 200-day moving average of $8.26.
About POET Technologies
POET Technologies Inc is a technology company focused on semiconductor and photonic solutions for high-speed data communications. Its products are designed to support applications in artificial intelligence, data centers, telecommunications and other markets that require efficient transmission of large volumes of data.
The company’s core technology includes the POET Optical Interposer, a semiconductor platform intended to integrate electronic and photonic components at the wafer level.
Recommended Stories
- Five stocks we like better than POET Technologies
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Receive News & Ratings for POET Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for POET Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.jpg){kind=logo}
