StockNews.com Begins Coverage on Rubicon Technology (NASDAQ:RBCN)

StockNews.com initiated coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a research note issued to investors on Friday morning. The firm issued a sell rating on the semiconductor company’s stock.

Rubicon Technology Price Performance

Shares of Rubicon Technology stock opened at $1.29 on Friday. The business has a fifty day simple moving average of $1.05 and a 200 day simple moving average of $0.89. The stock has a market cap of $3.07 million, a PE ratio of 6.79 and a beta of 0.85. Rubicon Technology has a 12 month low of $0.43 and a 12 month high of $2.25.

Rubicon Technology (NASDAQ:RBCN) last issued its earnings results on Wednesday, August 14th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $0.56 million for the quarter. Rubicon Technology had a return on equity of 38.49% and a net margin of 23.86%.

About Rubicon Technology

Rubicon Technology, Inc provides monocrystalline sapphire for applications in optical and industrial systems in North America, Asia, and internationally. The company offers optical and industrial sapphire products in various shapes and sizes, including sheets, rods, tubes, core, ingots, and prisms for a range of end markets comprising defense and aerospace, specialty lighting, instrumentation, sensors and detectors, semiconductor process equipment, electronic substrates, medical, and laser applications.