Rubicon Technology (NASDAQ:RBCN) Now Covered by StockNews.com

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

Rubicon Technology Stock Up 1.4 %

RBCN stock opened at $1.25 on Wednesday. The firm’s 50-day simple moving average is $1.25 and its 200 day simple moving average is $0.98. The stock has a market cap of $2.97 million, a PE ratio of 6.57 and a beta of 0.85. Rubicon Technology has a fifty-two week low of $0.43 and a fifty-two week high of $1.39.

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

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.