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

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

Rubicon Technology Stock Performance

Shares of RBCN opened at $1.25 on Monday. Rubicon Technology has a 52 week low of $1.25 and a 52 week high of $17.74. The company has a quick ratio of 2.15, a current ratio of 2.42 and a debt-to-equity ratio of 0.49. The company has a 50-day simple moving average of $1.46 and a 200-day simple moving average of $1.61.

Institutional Trading of Rubicon Technology

An institutional investor recently bought a new position in Rubicon Technology stock. Citadel Advisors LLC acquired a new position in shares of Rubicon Technology, Inc. (NASDAQ:RBCN – Get Rating) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 21,412 shares of the semiconductor company’s stock, valued at approximately $46,000. Citadel Advisors LLC owned 0.87% of Rubicon Technology as of its most recent SEC filing.

Rubicon Technology Company Profile

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Rubicon Technology, Inc engages in the provision of monocrystalline sapphire for applications in optical and industrial systems. It operates through the following business segments: Sapphire and Pharmacy Business. The company was founded on February 7, 2001 and is headquartered in Bensenville, IL.