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

Investment analysts at StockNews.com assumed coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a research note issued on Thursday. The brokerage set a “sell” rating on the semiconductor company’s stock.

Rubicon Technology Stock Up 13.5 %

NASDAQ:RBCN opened at $1.76 on Thursday. The business’s 50-day moving average price is $1.49 and its 200 day moving average price is $1.21. Rubicon Technology has a 52-week low of $0.43 and a 52-week high of $2.02. The firm has a market cap of $4.19 million, a P/E ratio of 9.26 and a beta of 0.88.

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.