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

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

Rubicon Technology Stock Performance

Shares of NASDAQ:RBCN opened at $1.68 on Friday. Rubicon Technology has a 52 week low of $0.43 and a 52 week high of $2.02. The firm has a market cap of $4.00 million, a PE ratio of 8.86 and a beta of 0.88. The firm’s fifty day moving average is $1.58 and its 200-day moving average is $1.27.

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.