POET Technologies (OTCMKTS:POETF) Stock Price Down 3.1% – Here’s Why

POET Technologies Inc. (OTCMKTS:POETFGet Free Report)’s stock price traded down 3.1% on Friday . The stock traded as low as $4.66 and last traded at $4.72. 1,021,632 shares were traded during trading, an increase of 586% from the average session volume of 148,995 shares. The stock had previously closed at $4.87.

POET Technologies Stock Performance

The company has a fifty day moving average of $5.21 and a two-hundred day moving average of $4.28. The company has a market cap of $1.61 billion, a PE ratio of -88.00 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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