POET Technologies (OTCMKTS:POETF) Trading Up 2.7% – Here’s What Happened

POET Technologies Inc. (OTCMKTS:POETF)’s share price shot up 2.7% on Monday . The company traded as high as $7.4750 and last traded at $7.31. 25,926,265 shares traded hands during mid-day trading, an increase of 17,301% from the average session volume of 148,995 shares. The stock had previously closed at $7.12.

POET Technologies Stock Up 2.7%

The stock has a fifty day moving average of $6.96 and a two-hundred day moving average of $6.56. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -146.20 and a beta of 0.81.

POET Technologies Company Profile

POET Technologies Inc is a Canada-based company that develops and manufactures heterogeneous integration substrates for the optoelectronics industry. Leveraging its proprietary planar optical and electrical integration (POET) platform, the company provides a wafer-scale approach to combine silicon-based photonics with active optical and electronic components. By embedding waveguides and interconnects directly into a polymer-based core layer, POET’s technology supports high-speed data transmission and miniaturized optical modules suitable for telecommunications, data centers and emerging photonic applications.

The company’s core offering, known as the iPOET™ integration platform, enables customers to assemble lasers, detectors and electronics on a single substrate without the need for costly coupling and alignment processes.