POET Technologies (CVE:PTK) Insider Sells C$604,500.00 in Stock

POET Technologies Inc. (CVE:PTK) insider Mo Jinyu sold 30,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$20.15, for a total transaction of C$604,500.00.

POET Technologies Stock Down 1.5%

Shares of PTK opened at C$7.38 on Friday. The company has a 50-day simple moving average of C$7.38 and a 200-day simple moving average of C$7.38. The firm has a market capitalization of C$669.51 million, a P/E ratio of -9.11 and a beta of 0.82. The company has a debt-to-equity ratio of 14.84, a quick ratio of 5.08 and a current ratio of 1.89. POET Technologies Inc. has a 52 week low of C$3.57 and a 52 week high of C$10.53.

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. It also develops photonic integrated components. The company serves the data center, telecommunications, Internet of things and industrial sensing, automotive LIDAR, optical coherence tomography for medical devices, and virtual reality systems markets.