POET Technologies (OTCMKTS:POETF) Shares Down 3.9% – Here’s Why

POET Technologies Inc. (OTCMKTS:POETF)’s stock price was down 3.9% on Tuesday . The stock traded as low as $8.50 and last traded at $8.56. 14,371,248 shares were traded during trading, an increase of 9,545% from the average session volume of 148,995 shares. The stock had previously closed at $8.91.

POET Technologies Stock Down 3.9%

The firm has a market capitalization of $3.12 billion, a PE ratio of -171.20 and a beta of 0.81. The business’s 50-day moving average price is $9.66 and its 200-day moving average price is $8.71.

POET Technologies Company Profile

POET Technologies Inc is a Canada-based company that develops and manufactures heterogeneous integration substrates for the optoelectronics industry. Leveraging its proprietary planar optical and electrical integration (POET) platform, the company provides a wafer-scale approach to combine silicon-based photonics with active optical and electronic components. By embedding waveguides and interconnects directly into a polymer-based core layer, POET’s technology supports high-speed data transmission and miniaturized optical modules suitable for telecommunications, data centers and emerging photonic applications.

The company’s core offering, known as the iPOET™ integration platform, enables customers to assemble lasers, detectors and electronics on a single substrate without the need for costly coupling and alignment processes.