POET Technologies (CVE:PTK) Trading Up 25.7% – What’s Next?

POET Technologies Inc. (CVE:PTK) rose 25.7% during mid-day trading on Friday . The company traded as high as C$10.53 and last traded at C$10.36. Approximately 188,559 shares changed hands during trading, an increase of 33% from the average daily volume of 141,772 shares. The stock had previously closed at C$8.24.

Wall Street Analysts Forecast Growth

Separately, Northland Capmk raised shares of POET Technologies to a “strong-buy” rating in a report on Monday, November 18th.

POET Technologies Price Performance

The stock has a market capitalization of C$705.74 million, a P/E ratio of -13.89 and a beta of 0.48. The company has a debt-to-equity ratio of 1.63, a quick ratio of 5.08 and a current ratio of 6.71. The firm has a fifty day moving average price of C$6.13 and a two-hundred day moving average price of C$4.84.

Insider Buying and Selling at POET Technologies

In other POET Technologies news, Senior Officer Vivek Rajgarhia sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$7.24, for a total value of C$36,219.00. Also, Director James Lee sold 25,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$6.95, for a total value of C$173,712.50. 0.82% of the stock is owned by corporate insiders.

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. The company 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.