Rubicon Technology (NASDAQ:RBCN) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a note issued to investors on Sunday. The firm set a “sell” rating on the semiconductor company’s stock.

Rubicon Technology Price Performance

NASDAQ RBCN opened at $1.70 on Friday. The business’s fifty day simple moving average is $1.62 and its 200-day simple moving average is $1.32. The firm has a market cap of $4.05 million, a PE ratio of 8.95 and a beta of 0.84. Rubicon Technology has a 52 week low of $0.43 and a 52 week high of $2.02.

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.