POET Technologies (CVE:PTK) Insider Sells C$111,155.00 in Stock

POET Technologies Inc. (CVE:PTK) insider Venkata Rama Raju Kankipati sold 5,500 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of C$20.21, for a total value of C$111,155.00. Following the completion of the transaction, the insider owned 5,611 shares in the company, valued at C$113,398.31. This represents a 49.50% decrease in their position.

POET Technologies Stock Down 1.5%

Shares of PTK traded down C$0.11 during trading hours on Wednesday, reaching C$7.38. The company’s stock had a trading volume of 152,071 shares, compared to its average volume of 156,992. The firm has a market cap of C$669.51 million, a price-to-earnings ratio of -9.11 and a beta of 0.82. POET Technologies Inc. has a 1-year low of C$3.57 and a 1-year high of C$10.53. The company has a quick ratio of 5.08, a current ratio of 1.89 and a debt-to-equity ratio of 14.84. The company has a 50 day moving average of C$7.38 and a two-hundred day moving average of C$7.38.

POET Technologies Company Profile

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.