James Lee Sells 25,000 Shares of POET Technologies (CVE:PTK) Stock

POET Technologies Inc. (CVE:PTK) Director James Lee sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of C$20.13, for a total value of C$503,250.00.

James Lee also recently made the following trade(s):

• On Wednesday, June 3rd, James Lee sold 30,000 shares of POET Technologies stock. The stock was sold at an average price of C$19.79, for a total transaction of C$593,700.00.
• On Wednesday, June 3rd, James Lee sold 4,375 shares of POET Technologies stock. The stock was sold at an average price of C$20.04, for a total transaction of C$87,675.00.

POET Technologies Trading Down 1.5%

Shares of CVE PTK opened at C$7.38 on Friday. 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 52-week low of C$3.57 and a 52-week high of C$10.53. The firm has a 50 day moving average price of C$7.38 and a two-hundred day moving average price of C$7.38. The stock has a market cap of C$669.51 million, a P/E ratio of -9.11 and a beta of 0.82.

Wall Street Analyst Weigh In

Separately, Singular Research raised POET Technologies to a “strong-buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has an average 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.