POET Technologies (NASDAQ:POET) Given New $3.50 Price Target at Craig Hallum

POET Technologies (NASDAQ:POET) had its price objective boosted by Craig Hallum from $3.00 to $3.50 in a research report released on Thursday, Benzinga reports. Craig Hallum currently has a buy rating on the stock.

POET Technologies Stock Up 0.7 %

POET Technologies stock opened at $3.07 on Thursday. The company’s 50-day moving average price is $2.96 and its 200-day moving average price is $2.18. The company has a market cap of $201.67 million, a PE ratio of -6.27 and a beta of 0.28. POET Technologies has a twelve month low of $0.72 and a twelve month high of $4.05.

POET Technologies (NASDAQ:POET) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). As a group, sell-side analysts expect that POET Technologies will post -0.39 earnings per share for the current fiscal year.

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. 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.