Rubicon Technology (NASDAQ:RBCN) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Rubicon Technology, Inc. (NASDAQ:RBCN) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.01 and traded as high as $1.34. Rubicon Technology shares last traded at $1.34, with a volume of 369 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Rubicon Technology in a research report on Friday. They issued a “sell” rating for the company.

Rubicon Technology Stock Performance

The company has a market cap of $4.17 million, a price-to-earnings ratio of 9.21 and a beta of 0.87. The firm’s 50-day moving average price is $1.30 and its 200 day moving average price is $1.02.

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

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.