POET Technologies (CVE:PTK) Director Sells C$503,250.00 in Stock

POET Technologies Inc. (CVE:PTK) Director James Lee sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of C$20.13, for a total value of C$503,250.00.

James Lee also recently made the following trade(s):

• On Wednesday, June 3rd, James Lee sold 30,000 shares of POET Technologies stock. The stock was sold at an average price of C$19.79, for a total value of C$593,700.00.
• On Wednesday, June 3rd, James Lee sold 4,375 shares of POET Technologies stock. The stock was sold at an average price of C$20.04, for a total value of C$87,675.00.

POET Technologies Price Performance

PTK opened at C$7.38 on Friday. The business has a fifty day moving average of C$7.38 and a 200 day moving average of C$7.38. POET Technologies Inc. has a 52-week low of C$3.57 and a 52-week 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 stock has a market cap 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 raised shares of POET Technologies to a “strong-buy” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has an average 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.