POET Technologies Inc. (OTCMKTS:POETF – Get Free Report)’s share price shot up 1.1% on Tuesday . The company traded as high as $7.75 and last traded at $7.47. Approximately 9,926,150 shares were traded during trading, an increase of 6,562% from the average daily volume of 148,995 shares. The stock had previously closed at $7.39.
POET Technologies Stock Up 1.1%
The company’s fifty day moving average is $11.69 and its 200-day moving average is $8.69. The company has a market cap of $2.73 billion, a PE ratio of -149.40 and a beta of 0.81.
About POET Technologies
POET Technologies Inc is a Canada-based company that develops and manufactures heterogeneous integration substrates for the optoelectronics industry. Leveraging its proprietary planar optical and electrical integration (POET) platform, the company provides a wafer-scale approach to combine silicon-based photonics with active optical and electronic components. By embedding waveguides and interconnects directly into a polymer-based core layer, POET’s technology supports high-speed data transmission and miniaturized optical modules suitable for telecommunications, data centers and emerging photonic applications.
The company’s core offering, known as the iPOET™ integration platform, enables customers to assemble lasers, detectors and electronics on a single substrate without the need for costly coupling and alignment processes.
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