Poet Technologies (POETF) Upgraded by Zacks Investment Research to Hold

Poet Technologies (OTCMKTS:POETF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “POET Technologies Inc. and its subsidiaries are developers of opto-electronic and photonic fabrication processes, devices and products. It offers photonic sensing and optical light source products. The company operates primarily in the United States, Canada and Singapore. POET Technologies Inc. is headquartered in Toronto, Canada. “

Separately, HC Wainwright set a $2.00 price target on Poet Technologies and gave the company a “buy” rating in a report on Tuesday, January 30th.

Poet Technologies (POETF) opened at $0.29 on Wednesday. The stock has a market capitalization of $74.29 and a PE ratio of -5.85. Poet Technologies has a 1-year low of $0.14 and a 1-year high of $0.34.

Poet Technologies (OTCMKTS:POETF) last posted its quarterly earnings results on Monday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Poet Technologies had a negative return on equity of 48.81% and a negative net margin of 557.44%. equities analysts expect that Poet Technologies will post -0.05 earnings per share for the current fiscal year.

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Poet Technologies Company Profile

POET Technologies Inc designs, manufactures, and sells semi-conductor products for consumer, data center, high performance computing, military, and commercial applications in the United States, Canada, and Singapore. It offers photonic sensing and optical light source products. The company was formerly known as Opel Technologies Inc and changed its name to POET Technologies Inc in June 2013.

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