Insider Selling: POET Technologies Inc. (CVE:PTK) Director Sells 25,000 Shares of Stock

POET Technologies Inc. (CVE:PTK) Director James Lee sold 25,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$6.95, for a total value of C$173,712.50.

POET Technologies Stock Performance

Shares of POET Technologies stock traded down C$0.45 on Thursday, reaching C$6.74. The stock had a trading volume of 353,096 shares, compared to its average volume of 135,570. The company has a debt-to-equity ratio of 1.63, a quick ratio of 5.08 and a current ratio of 6.71. The business’s 50-day moving average price is C$5.77 and its two-hundred day moving average price is C$4.38. The stock has a market cap of C$469.10 million, a P/E ratio of -9.85 and a beta of 0.48. POET Technologies Inc. has a fifty-two week low of C$1.02 and a fifty-two week high of C$8.16.

Analyst Ratings Changes

Separately, Northland Capmk upgraded POET Technologies to a “strong-buy” rating in a report on Monday, November 18th.

About POET Technologies

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.