Stock Traders Purchase Large Volume of Call Options on POET Technologies (NASDAQ:POET)

POET Technologies Inc. (NASDAQ:POET) saw unusually large options trading activity on Tuesday. Stock traders acquired 3,204 call options on the stock. This represents an increase of 994% compared to the average volume of 293 call options.

POET Technologies Price Performance

POET Technologies stock opened at $2.69 on Thursday. POET Technologies has a fifty-two week low of $0.72 and a fifty-two week high of $5.88. The firm has a market capitalization of $129.77 million, a PE ratio of -5.27 and a beta of 0.70. The company’s 50-day moving average is $1.43 and its 200-day moving average is $1.39.

POET Technologies (NASDAQ:POET) last announced its quarterly earnings results on Friday, March 15th. The company reported ($0.13) EPS for the quarter, meeting analysts’ consensus estimates of ($0.13). The company had revenue of $0.11 million during the quarter. As a group, analysts expect that POET Technologies will post -0.47 EPS for the current year.

About POET Technologies

POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It 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.