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

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

Rubicon Technology Stock Performance

Shares of NASDAQ:RBCN opened at $1.25 on Friday. The company’s 50-day moving average is $1.07 and its 200 day moving average is $0.90. The company has a market capitalization of $2.98 million, a P/E ratio of 6.79 and a beta of 0.85. Rubicon Technology has a fifty-two week low of $0.43 and a fifty-two week high of $2.25.

Rubicon Technology (NASDAQ:RBCN) last issued its quarterly earnings results on Wednesday, August 14th. The semiconductor company reported $0.06 earnings per share for the quarter. The company had revenue of $0.56 million for the quarter. Rubicon Technology had a net margin of 23.86% and a return on equity of 38.49%.

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.