POET Technologies (CVE:PTK) Insider Mo Jinyu Sells 30,000 Shares of Stock

POET Technologies Inc. (CVE:PTK – Get Free Report) insider Mo Jinyu sold 30,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$20.15, for a total value of C$604,500.00.

POET Technologies Stock Down 1.5%

PTK stock opened at C$7.38 on Friday. POET Technologies Inc. has a fifty-two week low of C$3.57 and a fifty-two week high of C$10.53. The business’s 50 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. The company has a market capitalization of C$669.51 million, a price-to-earnings ratio of -9.11 and a beta of 0.82.

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About POET Technologies

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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.

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