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

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

Rubicon Technology Stock Down 7.2 %

Shares of NASDAQ:RBCN opened at $1.88 on Monday. The firm has a market cap of $4.46 million, a P/E ratio of 9.87 and a beta of 0.84. Rubicon Technology has a 12 month low of $0.43 and a 12 month high of $2.06. The company’s 50-day moving average price is $1.66 and its two-hundred day moving average price is $1.36.

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.