POET Technologies Inc. (OTCMKTS:POETF – Get Free Report)’s share price traded up 7.8% on Tuesday . The stock traded as high as $8.65 and last traded at $8.41. Approximately 12,887,498 shares changed hands during mid-day trading, an increase of 8,550% from the average session volume of 148,995 shares. The stock had previously closed at $7.80.
POET Technologies Stock Up 7.8%
The firm’s 50-day simple moving average is $7.91 and its 200-day simple moving average is $9.12. The firm has a market capitalization of $3.07 billion, a PE ratio of -168.20 and a beta of 0.81.
POET Technologies Company Profile
POET Technologies Inc develops photonic and optoelectronic components for high-speed communications, artificial intelligence infrastructure, data centers and telecommunications networks. The company’s technology is designed to combine optical and electronic functions in compact, energy-efficient solutions that support the movement of large volumes of data.
Its core technology platform, the POET Optical Interposer, integrates optical devices, electronic components and fiber-optic connections on a single package.
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