The stock of POET Technologies Inc (CVE:PTK) hit a new 52-week low and has $0.52 target or 14.00% below today’s $0.61 share price. The 7 months bearish chart indicates high risk for the $132.10 million company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $0.52 price target is reached, the company will be worth $18.49M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 352,339 shares traded hands or 88.81% up from the average. POET Technologies Inc (CVE:PTK) has risen 6.00% since September 17, 2016 and is uptrending. It has outperformed by 0.39% the S&P500.
More notable recent POET Technologies Inc (CVE:PTK) news were published by: Globenewswire.com which released: “POET Technologies Announces Proposed Public Offering of Common Stock” on October 12, 2016, also Streetinsider.com with their article: “Form 6-K POET TECHNOLOGIES INC. For: Oct 13” published on October 14, 2016, Seekingalpha.com published: “POET Technologies Has No Poetry” on September 06, 2015. More interesting news about POET Technologies Inc (CVE:PTK) were released by: Streetinsider.com and their article: “Form FX POET TECHNOLOGIES INC. Filed by: POET TECHNOLOGIES INC.” published on September 01, 2016 as well as Seekingalpha.com‘s news article titled: “POET Technologies Revisited” with publication date: September 27, 2014.
POET Technologies Inc. is a fabless semiconductor technology development company. The company has a market cap of $132.10 million. The Firm develops opto-electronic and photonic fabrication processes and products. It currently has negative earnings. It operates through the design of semi-conductor products for military and industrial applications segment.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.