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 company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$9.54, for a total transaction 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 stock was sold at an average price of C$6.95, for a total value of C$173,712.50.

POET Technologies Trading Down 8.7 %

Shares of PTK opened at C$7.95 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 6.71 and a quick ratio of 5.08. POET Technologies Inc. has a 1-year low of C$1.21 and a 1-year high of C$10.53. The company has a market capitalization of C$552.97 million, a P/E ratio of -10.88 and a beta of 0.48. The firm’s 50 day simple moving average is C$6.77 and its 200 day simple moving average is C$5.27.

Analyst Upgrades and Downgrades

Separately, Northland Capmk raised 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.