POET Technologies (NASDAQ:POET) Issues Earnings Results

POET Technologies (NASDAQ:POET) issued its quarterly earnings results on Monday. The company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.28), Zacks reports. The firm had revenue of $0.03 million during the quarter, compared to the consensus estimate of $0.05 million.

POET Technologies Stock Up 6.3 %

POET Technologies stock traded up $0.23 during midday trading on Wednesday, hitting $3.90. The company’s stock had a trading volume of 267,676 shares, compared to its average volume of 1,602,187. POET Technologies has a 12 month low of $1.00 and a 12 month high of $7.79. The company has a market capitalization of $304.49 million, a PE ratio of -6.61 and a beta of 0.60. The stock’s 50-day moving average price is $4.32 and its 200-day moving average price is $4.47.

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. It 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.