Rubicon Technology (NASDAQ:RBCN) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started 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 Price Performance

Shares of NASDAQ:RBCN opened at $0.82 on Wednesday. The business’s 50 day simple moving average is $0.81 and its 200-day simple moving average is $0.74. Rubicon Technology has a 12 month low of $0.52 and a 12 month high of $2.25.

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.