Insider Selling: POET Technologies (CVE:PTK) Insider Sells 5,500 Shares of Stock

POET Technologies Inc. (CVE:PTK) insider Venkata Rama Raju Kankipati sold 5,500 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of C$20.21, for a total value of C$111,155.00. Following the sale, the insider owned 5,611 shares in the company, valued at approximately C$113,398.31. The trade was a 49.50% decrease in their position.

POET Technologies Trading Down 1.5%

CVE PTK traded down C$0.11 on Wednesday, hitting C$7.38. 152,071 shares of the company were exchanged, compared to its average volume of 156,992. The company’s 50 day moving average price is C$7.38 and its 200-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 firm has a market capitalization of C$669.51 million, a P/E ratio of -9.11 and a beta of 0.82. POET Technologies Inc. has a twelve month low of C$3.57 and a twelve month high of C$10.53.

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.