POET Technologies (OTCMKTS:POETF) Reaches New 52-Week High – What’s Next?

by · The Cerbat Gem

POET Technologies Inc. (OTCMKTS:POETF – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $4.83 and last traded at $4.58, with a volume of 3154940 shares trading hands. The stock had previously closed at $4.25.

POET Technologies Stock Up 7.8 %

The firm has a 50 day moving average of $4.21 and a 200-day moving average of $3.33. The company has a market cap of $1.67 billion, a P/E ratio of -85.00 and a beta of 0.81.

About POET Technologies

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POET Technologies, Inc engages in the designing, developing, manufacturing and sale of opto-electronic solutions for the sensing, data communications and telecommunications markets. It developed POET Optical Interposer platform, which allows the integration of electronic and photonic devices into a single multi-chip module.

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