POET Technologies Inc. (CVE:PTK) Senior Officer Vivek Rajgarhia Sells 5,000 Shares

POET Technologies Inc. (CVE:PTK) Senior Officer Vivek Rajgarhia sold 5,000 shares of POET Technologies stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$7.24, for a total transaction of C$36,219.00.

POET Technologies Stock Performance

Shares of CVE:PTK opened at C$6.06 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 6.71 and a quick ratio of 5.08. POET Technologies Inc. has a 1 year low of C$1.02 and a 1 year high of C$8.16. The firm has a market capitalization of C$421.78 million, a PE ratio of -8.30 and a beta of 0.48. The business’s 50 day moving average price is C$5.88 and its 200-day moving average price is C$4.59.

Wall Street Analyst Weigh In

Separately, Northland Capmk raised shares of POET Technologies to a “strong-buy” rating in a research note on Monday, November 18th.

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.