POET Technologies (CVE:PTK) Trading Down 13.1%

POET Technologies Inc. (CVE:PTK)’s stock price traded down 13.1% on Thursday . The company traded as low as C$3.20 and last traded at C$3.24. 116,707 shares were traded during trading, an increase of 16% from the average session volume of 100,357 shares. The stock had previously closed at C$3.73.

POET Technologies Stock Down 13.4 %

The company has a debt-to-equity ratio of 11.00, a current ratio of 1.25 and a quick ratio of 5.08. The business has a 50 day simple moving average of C$1.94 and a 200 day simple moving average of C$1.89. The company has a market capitalization of C$153.72 million, a price-to-earnings ratio of -5.33 and a beta of 0.55.

POET Technologies (CVE:PTK) last issued its quarterly earnings results on Friday, March 15th. The company reported C($0.18) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.18). The business had revenue of C$0.15 million for the quarter. As a group, equities analysts predict that POET Technologies Inc. will post -0.79625 earnings per share for the current fiscal year.

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.