Rubicon Technology (NASDAQ:RBCN) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Rubicon Technology, Inc. (NASDAQ:RBCN)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.53 and traded as high as $2.20. Rubicon Technology shares last traded at $2.20, with a volume of 822 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Rubicon Technology in a research note on Friday. They set a “sell” rating on the stock.

Rubicon Technology Stock Down 15.1 %

The firm has a market capitalization of $4.44 million, a P/E ratio of 9.83 and a beta of 0.86. The business’s 50 day moving average is $1.87 and its 200-day moving average is $1.53.

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.