Insider Selling: POET Technologies Inc. (CVE:PTK) Director Sells 5,000 Shares of Stock

POET Technologies Inc. (CVE:PTK) Director James Lee sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$9.54, for a total value of C$47,682.00.

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

• On Monday, November 25th, James Lee sold 25,000 shares of POET Technologies stock. The shares were sold at an average price of C$6.95, for a total transaction of C$173,712.50.

POET Technologies Stock Down 1.2 %

Shares of POET Technologies stock traded down C$0.11 during trading on Tuesday, reaching C$8.71. The stock had a trading volume of 78,887 shares, compared to its average volume of 216,586. The stock has a fifty day moving average price of C$6.70 and a two-hundred day moving average price of C$5.22. POET Technologies Inc. has a 52 week low of C$1.18 and a 52 week high of C$10.53. The company has a market capitalization of C$606.22 million, a price-to-earnings ratio of -11.93 and a beta of 0.48. The company has a current ratio of 6.71, a quick ratio of 5.08 and a debt-to-equity ratio of 1.63.

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.