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

StockNews.com initiated coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a research note published on Saturday morning. The firm issued a sell rating on the semiconductor company’s stock.

Rubicon Technology Stock Performance

Shares of RBCN stock opened at $1.52 on Friday. Rubicon Technology has a 12 month low of $0.43 and a 12 month high of $2.02. The stock has a market cap of $3.62 million, a P/E ratio of 8.00 and a beta of 0.87. The company has a 50 day simple moving average of $1.33 and a two-hundred day simple moving average of $1.05.

Rubicon Technology (NASDAQ:RBCN) last posted 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 firm 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.