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

Rubicon Technology, Inc. (NASDAQ:RBCN) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.43 and traded as high as $2.49. Rubicon Technology shares last traded at $2.30, with a volume of 4,764 shares changing hands.

Analyst Ratings Changes

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

Rubicon Technology Stock Up 12.2 %

The business’s 50-day moving average price is $1.76 and its 200-day moving average price is $1.43. The firm has a market capitalization of $5.47 million, a PE ratio of 12.11 and a beta of 0.86.

About Rubicon Technology

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.