POET Technologies (CVE:PTK) Trading Down 1.5% – What’s Next?

POET Technologies Inc. (CVE:PTK)’s share price traded down 1.5% during mid-day trading on Monday . The company traded as low as C$7.29 and last traded at C$7.38. 152,071 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 156,992 shares. The stock had previously closed at C$7.49.

POET Technologies Trading Down 1.5%

The company’s 50-day moving average is C$7.38 and its 200-day moving average is C$7.38. The company has a debt-to-equity ratio of 14.84, a quick ratio of 5.08 and a current ratio of 1.89. The firm has a market cap of C$669.51 million, a price-to-earnings ratio of -9.11 and a beta of 0.82.

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. It also develops photonic integrated components. The company serves the data center, telecommunications, Internet of things and industrial sensing, automotive LIDAR, optical coherence tomography for medical devices, and virtual reality systems markets.