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

Research analysts at StockNews.com assumed coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a report issued on Monday. The firm set a “sell” rating on the semiconductor company’s stock.

Rubicon Technology Trading Down 11.8 %

Shares of Rubicon Technology stock opened at $1.39 on Monday. The firm has a market capitalization of $3.31 million, a P/E ratio of 7.33 and a beta of 0.87. The business’s fifty day simple moving average is $1.37 and its 200 day simple moving average is $1.10. Rubicon Technology has a 12 month low of $0.43 and a 12 month high of $2.02.

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.