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 business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of C$20.15, for a total value of C$604,500.00.

POET Technologies Trading Down 1.5%

Shares of PTK stock opened at C$7.38 on Friday. 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. 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’s fifty day simple moving average is C$7.38 and its 200 day simple moving average is 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.