POET Technologies (CVE:PTK) Director Sells C$82,071.48 in Stock

POET Technologies Inc. (CVE:PTK) Director Sohail Khan sold 9,924 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of C$8.27, for a total transaction of C$82,071.48. Following the completion of the transaction, the director directly owned 11,276 shares of the company’s stock, valued at approximately C$93,252.52. This trade represents a 46.81% decrease in their ownership of the stock.

POET Technologies Stock Performance

POET Technologies stock traded down C$0.11 during mid-day trading on Monday, 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’s fifty day moving average price is C$7.38 and its two-hundred day moving average price is C$7.38. 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 12-month low of C$3.57 and a 12-month high of C$10.53. The company has a market capitalization of C$669.51 million, a P/E ratio of -9.11 and a beta of 0.82.

Analyst Upgrades and Downgrades

Separately, Singular Research upgraded POET Technologies to a “strong-buy” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of “Strong Buy”.

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.