Rubicon Technology (NASDAQ:RBCN) Shares Cross Above 200 Day Moving Average – What’s Next?

Rubicon Technology, Inc. (NASDAQ:RBCN) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.43 and traded as high as $2.49. Rubicon Technology shares last traded at $2.30, with a volume of 4,764 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Rubicon Technology in a research note on Wednesday. They issued a “sell” rating for the company.

Rubicon Technology Trading Up 12.2 %

The firm has a market cap of $5.47 million, a price-to-earnings ratio of 12.11 and a beta of 0.86. The stock has a 50-day moving average of $1.76 and a 200-day moving average of $1.43.

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.