POET Technologies (CVE:PTK) Trading 18.1% Higher - Still a Buy?

POET Technologies Inc. (CVE:PTK - Get Free Report)'s stock price was up 18.1% during trading on Wednesday . The company traded as high as C$8.43 and last traded at C$8.24. Approximately 322,979 shares were traded during mid-day trading, an increase of 128% from the average daily volume of 141,842 shares. The stock had previously closed at C$6.98.Get POET Technologies alerts:Analysts Set New Price TargetsSeparately, Northland Capmk upgraded shares of POET Technologies to a "strong-buy" rating in a research report on Monday, November 18th.View Our Latest Stock Report on PTKPOET Technologies Price PerformanceThe firm has a market capitalization of C$573.50 million, a P/E ratio of -11.29 and a beta of 0.48. The company has a current ratio of 6.71, a quick ratio of 5.08 and a debt-to-equity ratio of 1.63. The firm has a 50 day moving average price of C$6.08 and a 200-day moving average price of C$4.82. Insider ActivityIn related news, Director James Lee sold 25,000 shares of the firm's 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. Also, Senior Officer Vivek Rajgarhia sold 5,000 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$7.24, for a total value of C$36,219.00. Insiders own 0.82% of the company's stock. POET Technologies Company Profile (Get Free Report)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.See AlsoFive stocks we like better than POET TechnologiesMarket Cap Calculator: How to Calculate Market Cap5 Reasons DraftKings Stock Looks Promising in the New YearHow to Invest in Biotech StocksCybersecurity Stocks: 1 Immediate Buy and 1 Dip OpportunityEarnings Per Share Calculator: How to Calculate EPSThe Next 2 AI Winners Have Triple-Digit Upside PotentialThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ After New Years, price goes back up 4,800% (From StocksToTrade) (Ad)Should you invest $1,000 in POET Technologies right now?Before you consider POET Technologies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and POET Technologies wasn't on the list.While POET Technologies currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here