Shares of POET Technologies Inc. (OTCMKTS:POETF – Get Free Report) were down 8% during mid-day trading on Tuesday. The stock traded as low as $6.40 and last traded at $6.41. 10,665,952 shares traded hands during mid-day trading, an increase of 7,059% from the average daily volume of 148,995 shares. The stock had previously closed at $6.97.
POET Technologies Stock Down 7.6%
The company has a market capitalization of $2.13 billion, a PE ratio of -116.80 and a beta of 0.81. The stock has a 50-day moving average of $7.89 and a 200 day moving average of $9.22.
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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