POET Technologies (POETF) Downgraded by ValuEngine

ValuEngine lowered shares of POET Technologies (OTCMKTS:POETF) from a buy rating to a hold rating in a research report released on Saturday morning, ValuEngine reports.

Separately, HC Wainwright reaffirmed a buy rating and set a $1.50 price objective on shares of POET Technologies in a research report on Wednesday, May 1st.

Shares of POETF remained flat at $$0.26 during mid-day trading on Friday. The stock had a trading volume of 55,025 shares, compared to its average volume of 92,535. POET Technologies has a fifty-two week low of $0.17 and a fifty-two week high of $0.34.

POET Technologies (OTCMKTS:POETF) last released its quarterly earnings data on Tuesday, April 30th. The company reported ($0.01) EPS for the quarter. POET Technologies had a negative net margin of 419.83% and a negative return on equity of 62.83%. The business had revenue of $1.56 million during the quarter. As a group, sell-side analysts forecast that POET Technologies will post -0.06 earnings per share for the current year.

About POET Technologies

POET Technologies Inc designs, manufactures, and sells semi-conductor products in the United States, Canada, and Singapore. It offers optical light source products and photonic integrated devices for the sensing, data and tele communications, medical, instrumentation, industrial, defense, and security markets.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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