POET Technologies (CVE:PTK) Stock Price Up 21.8% – Should You Buy?

POET Technologies Inc. (CVE:PTK)’s stock price traded up 21.8% during trading on Friday . The company traded as high as C$10.53 and last traded at C$10.04. 372,762 shares changed hands during trading, an increase of 161% from the average session volume of 142,724 shares. The stock had previously closed at C$8.24.

Analyst Ratings Changes

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

POET Technologies Stock Up 21.4 %

The stock has a 50-day moving average of C$6.27 and a 200-day moving average of C$4.92. The company has a debt-to-equity ratio of 1.63, a current ratio of 6.71 and a quick ratio of 5.08. The firm has a market cap of C$696 million, a price-to-earnings ratio of -13.70 and a beta of 0.48.

Insider Activity

In other news, Senior Officer Vivek Rajgarhia sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$7.24, for a total transaction of C$36,219.00. Also, Director James Lee sold 25,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of C$6.95, for a total transaction of C$173,712.50. Corporate insiders own 0.82% of the company’s stock.

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.