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

StockNews.com began coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a note issued to investors on Sunday. The brokerage set a “sell” rating on the semiconductor company’s stock.

Rubicon Technology Stock Performance

Shares of RBCN stock opened at $1.70 on Friday. Rubicon Technology has a twelve month low of $0.43 and a twelve month high of $2.02. The stock has a fifty day simple moving average of $1.62 and a two-hundred day simple moving average of $1.32. The stock has a market capitalization of $4.05 million, a price-to-earnings ratio of 8.95 and a beta of 0.84.

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.