Shares of POET Technologies Inc. (OTCMKTS:POETF – Get Free Report) shot up 1.1% during trading on Tuesday . The company traded as high as $7.75 and last traded at $7.47. Approximately 9,926,150 shares changed hands during mid-day trading, an increase of 6,562% from the average daily volume of 148,995 shares. The stock had previously closed at $7.39.
POET Technologies Price Performance
The stock’s 50-day moving average price is $11.59 and its 200 day moving average price is $8.71. The firm has a market capitalization of $2.79 billion, a PE ratio of -153.00 and a beta of 0.81.
About POET Technologies
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.
Further Reading
- Five stocks we like better than POET Technologies
- Premium Retail’s Stress Test Is Separating Winners From Losers
- D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
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.
