POET Technologies (CVE:PTK) Trading Down 1.5% – Should You Sell?

POET Technologies Inc. (CVE:PTK)’s share price was down 1.5% during mid-day trading on Monday . The stock traded as low as C$7.29 and last traded at C$7.38. Approximately 152,071 shares traded hands during trading, a decline of 3% from the average session volume of 156,992 shares. The stock had previously closed at C$7.49.

Analyst Ratings Changes

Separately, Singular Research upgraded POET Technologies to a “strong-buy” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

POET Technologies Stock Down 1.5%

The firm has a fifty day simple moving average of C$7.38 and a 200-day simple moving average of C$7.38. The company has a market capitalization 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.

Insider Transactions at POET Technologies

In other POET Technologies news, insider Kevin Barnes sold 35,625 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of C$20.20, for a total transaction of C$719,625.00. Following the completion of the transaction, the insider directly owned 82,746 shares of the company’s stock, valued at C$1,671,469.20. This trade represents a 30.10% decrease in their position. Also, Director James Lee sold 25,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of C$20.13, for a total transaction of C$503,250.00. Insiders sold a total of 190,424 shares of company stock valued at $3,679,976 over the last ninety days. 0.82% of the stock is currently owned by corporate 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. 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.