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

Research analysts at StockNews.com initiated coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the semiconductor company’s stock.

Rubicon Technology Stock Performance

Shares of NASDAQ:RBCN opened at $2.17 on Wednesday. The business’s 50-day simple moving average is $2.09 and its 200 day simple moving average is $1.72. The company has a market cap of $5.16 million, a P/E ratio of 11.42 and a beta of 0.80. Rubicon Technology has a one year low of $0.43 and a one year high of $2.49.

Rubicon Technology Company Profile

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.