Rubicon Technology (NASDAQ:RBCN) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Rubicon Technology, Inc. (NASDAQ:RBCN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.97 and traded as high as $1.27. Rubicon Technology shares last traded at $1.26, with a volume of 1,351 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Rubicon Technology in a research note on Wednesday. They set a “sell” rating on the stock.

Rubicon Technology Trading Up 1.4 %

The company has a market cap of $2.97 million, a price-to-earnings ratio of 6.63 and a beta of 0.85. The stock has a 50-day simple moving average of $1.25 and a 200 day simple moving average of $0.98.

Rubicon Technology (NASDAQ:RBCN) last issued its earnings results on Wednesday, August 14th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $0.56 million during 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.