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

Research analysts at StockNews.com began coverage on shares of Rubicon Technology (NASDAQ:RBCN – Get Rating) in a research report issued to clients and investors on Sunday. The brokerage set a “sell” rating on the semiconductor company’s stock.

Rubicon Technology Trading Down 4.7 %

NASDAQ RBCN opened at $1.62 on Friday. The company has a fifty day moving average price of $1.62 and a 200-day moving average price of $1.95. The company has a current ratio of 3.16, a quick ratio of 2.53 and a debt-to-equity ratio of 0.52. Rubicon Technology has a 1 year low of $1.26 and a 1 year high of $17.74.

Institutional Investors Weigh In On Rubicon Technology

An institutional investor recently bought a new position in Rubicon Technology stock. Citadel Advisors LLC bought a new stake in Rubicon Technology, Inc. (NASDAQ:RBCN – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,412 shares of the semiconductor company’s stock, valued at approximately $46,000. Citadel Advisors LLC owned approximately 0.87% of Rubicon Technology as of its most recent SEC filing.

About Rubicon Technology

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Rubicon Technology, Inc engages in the provision of monocrystalline sapphire for applications in optical and industrial systems. It operates through the following business segments: Sapphire and Pharmacy Business. The company was founded on February 7, 2001 and is headquartered in Bensenville, IL.