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

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

Rubicon Technology Price Performance

Shares of RBCN stock opened at $1.99 on Friday. The stock has a market capitalization of $4.73 million, a price-to-earnings ratio of 10.47 and a beta of 0.86. The company’s fifty day simple moving average is $1.90 and its two-hundred day simple moving average is $1.56. 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.