POET Technologies (CVE:PTK) Hits New 12-Month High – Should You Buy?

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 traded. The stock had previously closed at C$7.12.

Analysts Set New Price Targets

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

POET Technologies Price Performance

The company has a quick ratio of 5.08, a current ratio of 6.71 and a debt-to-equity ratio of 1.63. The firm’s fifty day moving average price is C$5.64 and its 200 day moving average price is C$4.26. The stock has a market cap of C$519.91 million, a PE ratio of -9.75 and a beta of 0.48.

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.