POET Technologies (OTCMKTS:POETF) Shares Up 2.6%

POET Technologies (OTCMKTS:POETF) Shares Up 2.6%

POET Technologies Inc (OTCMKTS:POETF)’s share price shot up 2.6% on Monday . The company traded as high as $0.34 and last traded at $0.34, 23,700 shares were traded during mid-day trading. A decline of 75% from the average session volume of 94,877 shares. The stock had previously closed at $0.33.

Separately, Zacks Investment Research downgraded shares of POET Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

The business’s fifty day simple moving average is $0.30 and its two-hundred day simple moving average is $0.28. The stock has a market capitalization of $97.64 million, a P/E ratio of -9.53 and a beta of 1.00.

POET Technologies (OTCMKTS:POETF) last released its quarterly earnings data on Thursday, November 21st. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). Equities analysts anticipate that POET Technologies Inc will post -0.03 EPS for the current year.

About POET Technologies (OTCMKTS:POETF)

POET Technologies Inc designs, manufactures, and sells semi-conductor products in the United States, Canada, and Singapore. It offers optical light source products and photonic integrated devices for the sensing, data and tele communications, medical, instrumentation, industrial, defense, and security markets.

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