Shares of POET Technologies Inc. (OTCMKTS:POETF – Get Free Report) dropped 6.9% during trading on Friday . The company traded as low as $4.58 and last traded at $4.70. Approximately 9,838,214 shares traded hands during mid-day trading, an increase of 6,503% from the average daily volume of 148,995 shares. The stock had previously closed at $5.05.
POET Technologies Price Performance
The stock’s 50-day moving average price is $6.37 and its 200 day moving average price is $5.52. The firm has a market capitalization of $1.72 billion, a PE ratio of -94.00 and a beta of 0.81.
About POET Technologies
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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