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

Research analysts at StockNews.com assumed 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 RBCN stock opened at $1.30 on Wednesday. The business has a fifty day simple moving average of $0.93 and a 200 day simple moving average of $0.84. The company has a market cap of $3.09 million, a P/E ratio of -14.44 and a beta of 0.81. Rubicon Technology has a twelve month low of $0.43 and a twelve 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.