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

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 transaction 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 shares were 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 shares were sold at an average price of C$20.04, for a total transaction of C$87,675.00.

POET Technologies Stock Down 1.5%

POET Technologies stock opened at C$7.38 on Thursday. The firm has a market cap of C$669.51 million, a PE ratio of -9.11 and a beta of 0.82. The company has a debt-to-equity ratio of 14.84, a quick ratio of 5.08 and a current ratio of 1.89. The firm’s 50 day moving average price is C$7.38 and its two-hundred day moving average price is C$7.38. POET Technologies Inc. has a twelve month low of C$3.57 and a twelve month high of C$10.53.

Analysts Set New Price Targets

Separately, Singular Research upgraded shares of POET Technologies to a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, POET Technologies currently has a consensus 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.