POET Technologies Target of Unusually High Options Trading (NASDAQ:POET)

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

POET Technologies Price Performance

Shares of POET opened at $2.74 on Wednesday. The stock has a market capitalization of $132.18 million, a price-to-earnings ratio of -5.37 and a beta of 0.70. POET Technologies has a 1 year low of $0.72 and a 1 year high of $5.88. The business’s 50 day simple moving average is $1.40 and its 200-day simple moving average is $1.38.

POET Technologies (NASDAQ:POET) last issued its quarterly earnings data on Friday, March 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.13). The firm had revenue of $0.11 million for the quarter. On average, sell-side analysts expect that POET Technologies will post -0.47 earnings per share for the current year.

POET Technologies Company Profile

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.