POET Technologies Inc. (CVE:PTK – Get Free Report) Director James Lee sold 25,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$6.95, for a total transaction of C$173,712.50.
POET Technologies Stock Performance
Shares of PTK stock opened at C$7.23 on Friday. The firm has a market capitalization of C$503.21 million, a price-to-earnings ratio of -9.90 and a beta of 0.48. The stock has a fifty day moving average of C$5.81 and a 200 day moving average of C$4.43. POET Technologies Inc. has a 52 week low of C$1.02 and a 52 week high of C$8.16. The company has a quick ratio of 5.08, a current ratio of 6.71 and a debt-to-equity ratio of 1.63.
Analyst Upgrades and Downgrades
Separately, Northland Capmk upgraded 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.
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