Rubicon Technology (NASDAQ:RBCN) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started 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 Trading Up 5.7 %

Shares of NASDAQ RBCN opened at $1.30 on Thursday. The stock has a 50 day simple moving average of $1.27 and a 200-day simple moving average of $0.99. The company has a market cap of $3.09 million, a PE ratio of 6.84 and a beta of 0.85. Rubicon Technology has a 12-month low of $0.43 and a 12-month high of $1.39.

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

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.