POET Technologies Inc (CVE:PTK)’s share price fell 7% during trading on Wednesday . The stock traded as low as C$0.40 and last traded at C$0.40, 110,800 shares changed hands during mid-day trading. A decline of 49% from the average session volume of 218,955 shares. The stock had previously closed at C$0.43.
The firm has a market cap of $126.76 million and a price-to-earnings ratio of -7.29. The company has a 50-day moving average price of C$0.41 and a 200 day moving average price of C$0.37.
POET Technologies (CVE:PTK) last issued its earnings results on Thursday, May 30th. The company reported C($0.01) EPS for the quarter. Equities analysts predict that POET Technologies Inc will post -0.06 earnings per share for the current fiscal year.
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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