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

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

POET Technologies Price Performance

CVE:PTK opened at C$6.95 on Thursday. The firm has a market cap of C$483.72 million, a price-to-earnings ratio of -9.52 and a beta of 0.48. POET Technologies Inc. has a 52 week low of C$1.06 and a 52 week high of C$8.16. The company has a debt-to-equity ratio of 1.63, a quick ratio of 5.08 and a current ratio of 6.71. The firm’s 50-day simple moving average is C$5.89 and its 200 day simple moving average is C$4.65.

Wall Street Analysts Forecast Growth

Separately, Northland Capmk upgraded POET Technologies to a “strong-buy” rating in a research note 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.