Sohail Khan Sells 9,924 Shares of POET Technologies (CVE:PTK) Stock

POET Technologies Inc. (CVE:PTK) Director Sohail Khan sold 9,924 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of C$8.27, for a total transaction of C$82,071.48. Following the completion of the sale, the director directly owned 11,276 shares in the company, valued at approximately C$93,252.52. This represents a 46.81% decrease in their ownership of the stock.

POET Technologies Trading Down 1.5%

PTK opened at C$7.38 on Wednesday. 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 fifty day moving average of C$7.38 and a 200-day moving average of C$7.38. The stock 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 quick ratio of 5.08, a current ratio of 1.89 and a debt-to-equity ratio of 14.84.

Wall Street Analyst Weigh In

Separately, Singular Research raised POET Technologies to a “strong-buy” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently 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.