Mo Jinyu Sells 30,000 Shares of POET Technologies (CVE:PTK) Stock

POET Technologies Inc. (CVE:PTK) insider Mo Jinyu sold 30,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$20.15, for a total value of C$604,500.00.

POET Technologies Stock Down 1.5%

Shares of PTK traded down C$0.11 during midday trading on Thursday, reaching C$7.38. 152,071 shares of the company were exchanged, compared to its average volume of 156,992. The stock has a 50-day moving average price of C$7.38 and a 200-day moving average price of C$7.38. The company 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 company has a current ratio of 1.89, a quick ratio of 5.08 and a debt-to-equity ratio of 14.84.

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.