Rubicon Technology (NASDAQ:RBCN) Share Price Crosses Above 200 Day Moving Average of $0.77

Rubicon Technology, Inc. (NASDAQ:RBCN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.77 and traded as high as $0.98. Rubicon Technology shares last traded at $0.98, with a volume of 1,756 shares.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Rubicon Technology in a research report on Wednesday. They set a “sell” rating on the stock.

Rubicon Technology Stock Up 1.5 %

The business’s 50-day moving average price is $0.78 and its 200-day moving average price is $0.77.

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.