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

Investment analysts at StockNews.com started coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a research note issued to investors on Saturday. The firm set a “sell” rating on the semiconductor company’s stock.

Rubicon Technology Stock Up 2.5 %

NASDAQ:RBCN opened at $1.25 on Friday. The company has a fifty day moving average of $1.07 and a 200-day moving average of $0.90. Rubicon Technology has a twelve month low of $0.43 and a twelve month high of $2.25. The firm has a market capitalization of $2.98 million, a P/E ratio of 6.79 and a beta of 0.85.

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

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.