POET Technologies Inc. (OTCMKTS:POETF – Get Free Report)’s share price dropped 8% on Tuesday. The stock traded as low as $6.40 and last traded at $6.41. 10,665,952 shares were traded during trading, an increase of 7,059% from the average session volume of 148,995 shares. The stock had previously closed at $6.97.
POET Technologies Trading Down 8.0%
The business’s fifty day moving average price is $7.93 and its 200-day moving average price is $9.22. The company has a market capitalization of $2.34 billion, a P/E ratio of -128.20 and a beta of 0.81.
About POET Technologies
POET Technologies Inc is a technology company that develops photonic integrated circuits, optical engines and optical modules for data-center, telecommunications and artificial-intelligence networking applications. Its technology is designed to integrate optical and electronic components into compact, energy-efficient solutions for high-speed data transmission.
The company’s products are based primarily on its POET Optical Interposer platform, which is intended to support the integration and assembly of lasers, photodetectors and other optical components.
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