Stock Traders Purchase Large Volume of Call Options on POET Technologies (NASDAQ:POET)

POET Technologies Inc. (NASDAQ:POET) was the recipient of some unusual options trading on Tuesday. Investors bought 3,204 call options on the company. This represents an increase of approximately 994% compared to the typical daily volume of 293 call options.

POET Technologies Stock Performance

Shares of NASDAQ:POET opened at $2.69 on Thursday. The business’s fifty day moving average price is $1.43 and its two-hundred day moving average price is $1.39. The stock has a market cap of $129.77 million, a PE ratio of -5.27 and a beta of 0.70. POET Technologies has a one year low of $0.72 and a one year high of $5.88.

POET Technologies (NASDAQ:POET) last announced its earnings results on Friday, March 15th. The company reported ($0.13) EPS for the quarter, meeting analysts’ consensus estimates of ($0.13). The company had revenue of $0.11 million for the quarter. As a group, equities research analysts predict that POET Technologies will post -0.47 earnings per share for the current fiscal year.

POET Technologies Company Profile

POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It 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.