POET Technologies Inc. (CVE:PTK - Get Free Report) Senior Officer Vivek Rajgarhia sold 5,000 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$7.24, for a total transaction of C$36,219.00.
POET Technologies Stock Up 6.9 %
CVE:PTK opened at C$6.48 on Tuesday. POET Technologies Inc. has a twelve month low of C$1.02 and a twelve month high of C$8.16. The firm has a market capitalization of C$451.01 million, a price-to-earnings ratio of -8.88 and a beta of 0.48. The company has a quick ratio of 5.08, a current ratio of 6.71 and a debt-to-equity ratio of 1.63. The stock's 50 day moving average price is C$5.88 and its two-hundred day moving average price is C$4.62.
Analysts Set New Price Targets
Separately, Northland Capmk upgraded POET Technologies to a "strong-buy" rating in a report on Monday, November 18th.
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POET Technologies Company Profile
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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.
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