POET Technologies Inc. (CVE:PTK – Get Free Report) was down 1.5% on Tuesday. The stock traded as low as C$7.29 and last traded at C$7.38. Approximately 152,071 shares were traded during mid-day trading, a decline of 3% from the average session volume of 156,992 shares. The stock had previously closed at C$7.49.
POET Technologies Trading Down 1.5%
The company has a market capitalization of C$669.51 million, a PE ratio of -9.11 and a beta of 0.82. The company has a current ratio of 1.15, a quick ratio of 5.08 and a debt-to-equity ratio of 35.01. The business’s 50-day simple moving average is C$7.38 and its two-hundred day simple moving average is C$7.38.
Insiders Place Their Bets
In related news, Director Glen Riley sold 10,892 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of C$13.33, for a total value of C$145,190.36. Following the completion of the sale, the director directly owned 31,962 shares of the company’s stock, valued at C$426,053.46. The trade was a 25.42% decrease in their ownership of the stock. 0.82% of the stock is currently owned by corporate insiders.
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.
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