Rubicon Technology (NASDAQ:RBCN) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Rubicon Technology, Inc. (NASDAQ:RBCNGet Free Report)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.01 and traded as high as $1.34. Rubicon Technology shares last traded at $1.34, with a volume of 369 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Rubicon Technology in a research note on Friday. They set a “sell” rating for the company.

Check Out Our Latest Research Report on Rubicon Technology

Rubicon Technology Price Performance

The company has a market cap of $3.19 million, a price-to-earnings ratio of 7.05 and a beta of 0.87. The business’s 50-day simple moving average is $1.29 and its 200-day simple moving average is $1.01.

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

Rubicon Technology Company Profile

(Get Free Report)

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.

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