Rubicon Technology (NASDAQ:RBCN) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Rubicon Technology, Inc. (NASDAQ:RBCN)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.97 and traded as high as $1.27. Rubicon Technology shares last traded at $1.26, with a volume of 1,351 shares changing hands.

Analyst Ratings Changes

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

Rubicon Technology Stock Performance

The business’s 50 day moving average is $1.23 and its two-hundred day moving average is $0.97. The firm has a market capitalization of $3.00 million, a PE ratio of 6.63 and a beta of 0.85.

Rubicon Technology (NASDAQ:RBCN) last released its quarterly earnings results on Wednesday, August 14th. The semiconductor company reported $0.06 EPS for the quarter. The firm had revenue of $0.56 million during the quarter. Rubicon Technology had a net margin of 23.86% and a return on equity of 38.49%.

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.