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

Rubicon Technology, Inc. (NASDAQ:RBCNGet Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.68 and traded as high as $2.18. Rubicon Technology shares last traded at $2.18, with a volume of 6,580 shares trading hands.

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on RBCN

Rubicon Technology Stock Up 6.5 %

The company’s fifty day moving average price is $2.05 and its two-hundred day moving average price is $1.68. The company has a market cap of $5.07 million, a price-to-earnings ratio of 11.21 and a beta of 0.83.

About Rubicon Technology

(Get Free Report)

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.

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