POET Technologies (CVE:PTK) Director Sohail Khan Sells 9,924 Shares

POET Technologies Inc. (CVE:PTK) Director Sohail Khan sold 9,924 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of C$8.27, for a total value of C$82,071.48. Following the transaction, the director owned 11,276 shares in the company, valued at C$93,252.52. The trade was a 46.81% decrease in their ownership of the stock.

POET Technologies Stock Down 1.5%

Shares of CVE PTK traded down C$0.11 during trading on Monday, hitting C$7.38. 152,071 shares of the company traded hands, compared to its average volume of 156,992. The business’s fifty day moving average is C$7.38 and its 200 day moving average is C$7.38. The firm has a market capitalization of C$669.51 million, a price-to-earnings ratio of -9.11 and a beta of 0.82. The company has a debt-to-equity ratio of 14.84, a quick ratio of 5.08 and a current ratio of 1.89. POET Technologies Inc. has a fifty-two week low of C$3.57 and a fifty-two week high of C$10.53.

Analyst Ratings Changes

Separately, Singular Research upgraded POET Technologies to a “strong-buy” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, POET Technologies has a consensus rating of “Strong Buy”.

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. 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.