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

Equities researchers at StockNews.com initiated coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a research note issued to investors on Thursday. The firm set a “sell” rating on the semiconductor company’s stock.

Rubicon Technology Stock Performance

NASDAQ:RBCN opened at $1.30 on Thursday. Rubicon Technology has a 52 week low of $0.43 and a 52 week high of $1.39. The firm’s fifty day moving average is $1.28 and its 200-day moving average is $1.00. The firm has a market cap of $3.09 million, a P/E ratio of 6.84 and a beta of 0.85.

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

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.