Investment analysts at HC Wainwright started coverage on shares of Poet Technologies (NASDAQ:POETF) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating and a $2.00 price target on the stock.

Separately, Rodman & Renshaw started coverage on Poet Technologies in a research report on Monday. They issued a “buy” rating on the stock.

Shares of Poet Technologies (NASDAQ:POETF) traded up 0.000% during midday trading on Monday, reaching $0.207. The firm’s 50 day moving average is $0.21 and its 200-day moving average is $0.24. Poet Technologies has a 52-week low of $0.14 and a 52-week high of $0.68. The company’s market capitalization is $53.80 million.

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