POET Technologies (CVE:PTK) Shares Down 13.1%

POET Technologies Inc. (CVE:PTK) dropped 13.1% on Thursday . The stock traded as low as C$3.20 and last traded at C$3.24. Approximately 116,707 shares traded hands during trading, an increase of 16% from the average daily volume of 100,357 shares. The stock had previously closed at C$3.73.

POET Technologies Stock Performance

The company has a debt-to-equity ratio of 11.00, a quick ratio of 5.08 and a current ratio of 1.25. The firm has a 50 day moving average of C$1.99 and a two-hundred day moving average of C$1.89. The stock has a market cap of C$133.25 million, a P/E ratio of -4.00 and a beta of 0.55.

POET Technologies (CVE:PTK) last issued its quarterly earnings results on Friday, March 15th. The company reported C($0.18) earnings per share for the quarter, meeting analysts’ consensus estimates of C($0.18). The company had revenue of C$0.15 million during the quarter. On average, research analysts predict that POET Technologies Inc. will post -0.79625 EPS 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. 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.