POET Technologies (CVE:PTK) Stock Rating Upgraded by Northland Capmk

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

POET Technologies Price Performance

CVE:PTK opened at C$5.11 on Monday. The company has a 50 day moving average price of C$5.32 and a 200-day moving average price of C$4.09. POET Technologies has a 1-year low of C$1.01 and a 1-year high of C$7.50. The firm has a market cap of C$355.66 million, a price-to-earnings ratio of -7.00 and a beta of 0.48. The company has a debt-to-equity ratio of 1.63, a current ratio of 6.71 and a quick ratio of 5.08.

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.