POET Technologies (CVE:PTK) Trading Down 1.1%

POET Technologies Inc. (CVE:PTKGet Free Report) dropped 1.1% during mid-day trading on Monday . The company traded as low as C$1.78 and last traded at C$1.78. Approximately 19,895 shares changed hands during trading, a decline of 77% from the average daily volume of 88,109 shares. The stock had previously closed at C$1.80.

POET Technologies Trading Down 1.1 %

The firm has a market capitalization of C$84.71 million, a PE ratio of -2.44 and a beta of 0.60. The company’s 50-day moving average price is C$1.39 and its 200-day moving average price is C$3.02. The company has a debt-to-equity ratio of 4.86, a quick ratio of 5.08 and a current ratio of 2.98.

POET Technologies (CVE:PTKGet Free Report) last released its quarterly earnings data on Tuesday, November 14th. The company reported C($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.14) by C($0.03). On average, sell-side analysts expect that POET Technologies Inc. will post -0.79625 earnings per share for the current year.

About POET Technologies

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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.

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