Kevin Barnes Sells 50,000 Shares of POET Technologies (CVE:PTK) Stock

POET Technologies Inc. (CVE:PTK) insider Kevin Barnes sold 50,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of C$19.56, for a total value of C$978,000.00. Following the sale, the insider owned 32,746 shares of the company’s stock, valued at C$640,511.76. This trade represents a 60.43% decrease in their ownership of the stock.

Kevin Barnes also recently made the following trade(s):

• On Wednesday, May 20th, Kevin Barnes sold 35,625 shares of POET Technologies stock. The stock was sold at an average price of C$20.20, for a total value of C$719,625.00.

POET Technologies Stock Down 1.5%

Shares of CVE PTK traded down C$0.11 during mid-day trading on Monday, reaching C$7.38. 152,071 shares of the company were exchanged, compared to its average volume of 156,992. The company has a quick ratio of 5.08, a current ratio of 1.89 and a debt-to-equity ratio of 14.84. The stock has a market cap of C$669.51 million, a price-to-earnings ratio of -9.11 and a beta of 0.82. POET Technologies Inc. has a 1 year low of C$3.57 and a 1 year high of C$10.53. The firm has a 50-day moving average of C$7.38 and a 200 day moving average of C$7.38.

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.