Vivek Rajgarhia Sells 5,000 Shares of POET Technologies Inc. (CVE:PTK) Stock

POET Technologies Inc. (CVE:PTK - Get Free Report) Senior Officer Vivek Rajgarhia sold 5,000 shares of the company's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$7.24, for a total transaction of C$36,219.00.

POET Technologies Trading Up 6.9 %

Shares of CVE:PTK traded up C$0.42 during midday trading on Monday, hitting C$6.48. The company had a trading volume of 225,451 shares, compared to its average volume of 138,939. The company has a current ratio of 6.71, a quick ratio of 5.08 and a debt-to-equity ratio of 1.63. POET Technologies Inc. has a 12 month low of C$1.02 and a 12 month high of C$8.16. The firm has a fifty day simple moving average of C$5.88 and a 200 day simple moving average of C$4.62. The stock has a market cap of C$451.01 million, a price-to-earnings ratio of -8.88 and a beta of 0.48.

Analyst Upgrades and Downgrades

Separately, Northland Capmk upgraded shares of POET Technologies to a "strong-buy" rating in a research report on Monday, November 18th.

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.