POET Technologies (CVE:PTK) Trading Up 1% - What's Next?

POET Technologies Inc. (CVE:PTK - Get Free Report)'s stock price rose 1% during mid-day trading on Tuesday . The stock traded as high as C$7.10 and last traded at C$6.86. Approximately 119,914 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 163,977 shares. The stock had previously closed at C$6.79.

Analyst Upgrades and Downgrades

Separately, Northland Capmk raised POET Technologies to a "strong-buy" rating in a research note on Monday, November 18th.

POET Technologies Price Performance

The company's 50 day simple moving average is C$7.44 and its 200-day simple moving average is C$5.70. The company has a current ratio of 6.71, a quick ratio of 5.08 and a debt-to-equity ratio of 1.63. The company has a market capitalization of C$481.63 million, a price-to-earnings ratio of -9.48 and a beta of 0.48.

Insider Buying and Selling

In other POET Technologies news, Director James Lee sold 25,000 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$6.95, for a total value of C$173,712.50. Also, Senior Officer Vivek Rajgarhia sold 5,000 shares of POET Technologies stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$7.24, for a total value of C$36,219.00. Over the last 90 days, insiders have sold 35,000 shares of company stock worth $257,614. 0.82% of the stock is owned by insiders.

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.