Insider Selling: POET Technologies (CVE:PTK) Director Sells 25,000 Shares of Stock

POET Technologies Inc. (CVE:PTK) Director James Lee sold 25,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of C$20.13, for a total transaction 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 shares were sold at an average price of C$19.79, for a total transaction 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 transaction of C$87,675.00.

POET Technologies Stock Down 1.5%

CVE PTK traded down C$0.11 on Wednesday, hitting C$7.38. The stock had a trading volume of 152,071 shares, compared to its average volume of 156,992. The stock has a market cap of C$669.51 million, a price-to-earnings ratio of -9.11 and a beta of 0.82. The company has a debt-to-equity ratio of 14.84, a current ratio of 1.89 and a quick ratio of 5.08. The business’s fifty day moving average price is C$7.38 and its 200 day moving average price is C$7.38. POET Technologies Inc. has a 52-week low of C$3.57 and a 52-week high of C$10.53.

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.