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

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

Rubicon Technology Stock Up 11.6 %

Shares of NASDAQ:RBCN opened at $2.02 on Monday. The company has a market capitalization of $4.80 million, a P/E ratio of 10.63 and a beta of 0.84. Rubicon Technology has a 52-week low of $0.43 and a 52-week high of $2.06. The stock’s fifty day simple moving average is $1.65 and its 200-day simple moving average is $1.36.

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.