POET Technologies (CVE:PTK) Reaches New 52-Week High – Should You Buy?

Shares of POET Technologies Inc. (CVE:PTK) reached a new 52-week high on Friday . The company traded as high as C$7.75 and last traded at C$7.60, with a volume of 156407 shares. The stock had previously closed at C$7.12.

Wall Street Analyst Weigh In

Separately, Northland Capmk raised POET Technologies to a “strong-buy” rating in a report on Monday, November 18th.

POET Technologies Stock Performance

The company has a 50 day simple moving average of C$5.71 and a 200 day simple moving average of C$4.29. The stock has a market cap of C$528.96 million, a price-to-earnings ratio of -10.41 and a beta of 0.48. The company has a quick ratio of 5.08, a current ratio of 6.71 and a debt-to-equity ratio of 1.63.

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.