Rubicon Technology (NASDAQ:RBCN) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Rubicon Technology (NASDAQ:RBCNFree Report) in a report released on Friday. The brokerage issued a sell rating on the semiconductor company’s stock.

Rubicon Technology Price Performance

RBCN opened at $0.84 on Friday. Rubicon Technology has a 1-year low of $0.52 and a 1-year high of $2.25. The business has a 50 day moving average of $0.77 and a 200-day moving average of $0.89.

Institutional Investors Weigh In On Rubicon Technology

An institutional investor recently bought a new position in Rubicon Technology stock. Citadel Advisors LLC purchased a new position in shares of Rubicon Technology, Inc. (NASDAQ:RBCNFree Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 21,412 shares of the semiconductor company’s stock, valued at approximately $46,000. Citadel Advisors LLC owned approximately 0.87% of Rubicon Technology at the end of the most recent reporting period. 0.01% of the stock is owned by institutional investors.

Rubicon Technology Company Profile

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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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