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

Rubicon Technology, Inc. (NASDAQ:RBCN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analysts Set New Price Targets

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

Rubicon Technology Trading Down 15.1 %

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

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.