POET Technologies (OTCMKTS:POETF) Hits New 12-Month High – Still a Buy?

POET Technologies Inc. (OTCMKTS:POETFGet Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $4.68 and last traded at $4.25, with a volume of 3213506 shares traded. The stock had previously closed at $4.01.

POET Technologies Trading Down 2.8 %

The stock has a 50-day simple moving average of $4.02 and a 200 day simple moving average of $3.08. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -98.40 and a beta of 0.81.

POET Technologies Company Profile

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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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