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

StockNews.com assumed coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a research report report published on Sunday. The brokerage issued a sell rating on the semiconductor company’s stock.

Rubicon Technology Price Performance

Shares of RBCN stock opened at $1.58 on Friday. The stock’s fifty day simple moving average is $1.35 and its 200 day simple moving average is $1.08. Rubicon Technology has a one year low of $0.43 and a one year high of $2.02. The firm has a market cap of $3.75 million, a price-to-earnings ratio of 8.30 and a beta of 0.87.

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.