POET Technologies (CVE:PTK) Shares Down 1.5% – Should You Sell?

POET Technologies Inc. (CVE:PTK) traded down 1.5% during mid-day trading on Friday . The stock traded as low as C$7.29 and last traded at C$7.38. 152,071 shares traded hands during 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 Stock Down 1.5%

The company has a debt-to-equity ratio of 1.20, a quick ratio of 5.08 and a current ratio of 2.20. The stock has a market cap of C$669.51 million, a price-to-earnings ratio of -9.11 and a beta of 0.82. The firm’s 50-day simple moving average is C$7.38 and its two-hundred day simple moving average is C$7.53.

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. 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.