StockNews.com Initiates Coverage on Rubicon Technology (NASDAQ:RBCN)

Research analysts at StockNews.com assumed coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a note issued to investors on Tuesday. The firm set a “sell” rating on the semiconductor company’s stock.

Rubicon Technology Stock Performance

Shares of RBCN opened at $2.02 on Tuesday. The firm has a market capitalization of $4.80 million, a price-to-earnings ratio of 10.62 and a beta of 0.86. Rubicon Technology has a 52 week low of $0.43 and a 52 week high of $2.06. The business’s fifty day moving average price is $1.71 and its two-hundred day moving average price is $1.40.

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.