POET Technologies (CVE:PTK) Upgraded by Northland Capmk to “Strong-Buy” Rating

Northland Capmk upgraded shares of POET Technologies (CVE:PTK) to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

POET Technologies Price Performance

POET Technologies stock opened at C$5.63 on Monday. The business’s 50-day simple moving average is C$5.38 and its 200 day simple moving average is C$4.12. The stock has a market cap of C$391.85 million, a price-to-earnings ratio of -7.71 and a beta of 0.48. POET Technologies has a 12-month low of C$1.01 and a 12-month high of C$7.50. The company has a quick ratio of 5.08, a current ratio of 6.71 and a debt-to-equity ratio of 1.63.

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. 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.