The stock of POET Technologies Inc (CVE:PTK) hit a new 52-week low and has $0.27 target or 5.00% below today’s $0.28 share price. The 7 months bearish chart indicates high risk for the $67.85M company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $0.27 price target is reached, the company will be worth $3.39 million 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 361,763 shares traded hands. POET Technologies Inc (CVE:PTK) has risen 6.00% since November 1, 2016 and is uptrending. It has outperformed by 0.07% the S&P500.
More notable recent POET Technologies Inc (CVE:PTK) news were published by: Globenewswire.com which released: “POET Technologies Reports Third Quarter Financial Results” on November 28, 2016, also Globenewswire.com with their article: “POET Technologies Reports Another Significant Step Toward Its Goal of …” published on August 09, 2016, Streetinsider.com published: “Form FX POET TECHNOLOGIES INC. Filed by: POET TECHNOLOGIES INC.” on September 01, 2016. More interesting news about POET Technologies Inc (CVE:PTK) were released by: Globenewswire.com and their article: “POET Technologies Appoints Thomas R. Mika as Chief Financial Officer” published on October 17, 2016 as well as Seekingalpha.com‘s news article titled: “POET Technologies Has No Poetry” with publication date: September 06, 2015.
POET Technologies Inc. is a fabless semiconductor technology development company. The company has a market cap of $67.85 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.
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