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

Equities researchers at StockNews.com initiated coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a research report issued on Saturday. The brokerage set a “sell” rating on the semiconductor company’s stock.

Rubicon Technology Price Performance

Shares of NASDAQ RBCN opened at $1.25 on Friday. The company’s 50 day simple moving average is $1.07 and its 200 day simple moving average is $0.90. Rubicon Technology has a fifty-two week low of $0.43 and a fifty-two week high of $2.25. The firm has a market capitalization of $2.98 million, a P/E ratio of 6.79 and a beta of 0.85.

Rubicon Technology (NASDAQ:RBCN) last announced its quarterly earnings data on Wednesday, August 14th. The semiconductor company reported $0.06 EPS for the quarter. Rubicon Technology had a return on equity of 38.49% and a net margin of 23.86%. The business had revenue of $0.56 million during the quarter.

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.