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

StockNews.com assumed coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a research report sent to investors on Saturday morning. The firm issued a sell rating on the semiconductor company’s stock.

Rubicon Technology Trading Down 3.9 %

Shares of NASDAQ RBCN opened at $1.46 on Friday. Rubicon Technology has a 12-month low of $0.43 and a 12-month high of $2.02. The firm’s 50-day moving average price is $1.34 and its 200-day moving average price is $1.06. The stock has a market capitalization of $3.47 million, a price-to-earnings ratio of 7.68 and a beta of 0.87.

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.