POET Technologies Inc. (CVE:PTK – Get Free Report) Director Sohail Khan sold 9,924 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of C$8.27, for a total transaction of C$82,071.48. Following the sale, the director directly owned 11,276 shares in the company, valued at C$93,252.52. The trade was a 46.81% decrease in their position.
POET Technologies Trading Down 1.5%
CVE:PTK opened at C$7.38 on Tuesday. POET Technologies Inc. has a 1 year low of C$3.57 and a 1 year high of C$10.53. The stock’s fifty 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 current ratio of 1.89 and a quick ratio of 5.08. The company has a market cap of C$669.51 million, a P/E ratio of -9.11 and a beta of 0.82.
Analysts Set New Price Targets
Separately, Singular Research upgraded shares of POET Technologies to a “strong-buy” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.
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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