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

StockNews.com started coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a research note issued on Wednesday. The brokerage set a “sell” rating on the semiconductor company’s stock.

Rubicon Technology Price Performance

RBCN stock opened at $2.19 on Wednesday. The business has a 50 day simple moving average of $1.79 and a 200-day simple moving average of $1.44. The firm has a market capitalization of $5.21 million, a PE ratio of 11.53 and a beta of 0.86. Rubicon Technology has a 1 year low of $0.43 and a 1 year high of $2.49.

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.