Shares of POET Technologies Inc. (OTCMKTS:POETF – Get Free Report) traded up 4.3% on Tuesday . The stock traded as high as $10.0550 and last traded at $9.85. Approximately 24,443,591 shares were traded during trading, an increase of 16,306% from the average daily volume of 148,995 shares. The stock had previously closed at $9.44.
POET Technologies Stock Down 5.6%
The company’s 50-day moving average price is $12.20 and its 200-day moving average price is $8.52. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of -194.00 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.
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