POET Technologies (OTCMKTS:POETF) Sets New 52-Week High – What’s Next?

POET Technologies Inc. (OTCMKTS:POETFGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $3.68 and last traded at $3.60, with a volume of 953375 shares trading hands. The stock had previously closed at $3.68.

POET Technologies Stock Performance

The company’s fifty day simple moving average is $3.70 and its two-hundred day simple moving average is $2.86. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -73.60 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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