POET Technologies (CVE:PTK) Trading Up 20.5% – Still a Buy?

POET Technologies Inc. (CVE:PTKGet Free Report)’s stock price shot up 20.5% during trading on Friday . The company traded as high as C$10.53 and last traded at C$9.93. 290,539 shares traded hands during trading, an increase of 104% from the average session volume of 142,304 shares. The stock had previously closed at C$8.24.

Wall Street Analyst Weigh In

Separately, Northland Capmk raised POET Technologies to a “strong-buy” rating in a research note on Monday, November 18th.

Get Our Latest Research Report on POET Technologies

POET Technologies Trading Up 23.5 %

The company has a debt-to-equity ratio of 1.63, a quick ratio of 5.08 and a current ratio of 6.71. The company has a market capitalization of C$708.53 million, a P/E ratio of -13.95 and a beta of 0.48. The company’s fifty day simple moving average is C$6.19 and its 200-day simple moving average is C$4.87.

Insider Activity at POET Technologies

In other POET Technologies news, Senior Officer Vivek Rajgarhia sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$7.24, for a total value of C$36,219.00. Also, Director James Lee sold 25,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$6.95, for a total value of C$173,712.50. 0.82% of the stock is currently owned by corporate insiders.

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.

Further Reading

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.