Rubicon Technology (NASDAQ:RBCN) Shares Cross Above 200 Day Moving Average – Time to Sell?

Rubicon Technology, Inc. (NASDAQ:RBCN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.26 and traded as high as $3.55. Rubicon Technology shares last traded at $3.55, with a volume of 342 shares trading hands.

Rubicon Technology Price Performance

The firm has a market cap of $33.29 million, a P/E ratio of 18.69 and a beta of 1.18. The stock’s 50 day moving average is $3.08 and its two-hundred day moving average is $3.26.

About Rubicon Technology

Rubicon Technology, Inc (NASDAQ: RBCN) is a U.S.-based manufacturer of engineered sapphire materials, specializing in the production of single-crystal sapphire substrates and components. Utilizing proprietary flame-fusion processes, the company produces high-purity sapphire products designed for a variety of industrial and technology applications. Its product portfolio includes wafer substrates for LED and semiconductor testing, precision optical windows, and robust components for high-pressure or high-temperature environments.

Incorporated in 2002 and headquartered in Michigan, Rubicon Technology operates one of the few domestic facilities dedicated to synthetic sapphire production.