Rubicon Technology (NASDAQ:RBCN) Stock Passes Above 200 Day Moving Average – Should You Sell?

Rubicon Technology, Inc. (NASDAQ:RBCN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.92 and traded as high as $2.19. Rubicon Technology shares last traded at $1.97, with a volume of 375 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on shares of Rubicon Technology in a research report on Monday, May 19th. They issued a “sell” rating for the company.

Rubicon Technology Price Performance

The business’s 50-day moving average is $2.09 and its 200 day moving average is $1.92. The firm has a market capitalization of $4.67 million, a P/E ratio of 10.34 and a beta of 0.90.

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.