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

Posted by on Mar 19th, 2023

Research analysts at StockNews.com initiated coverage on shares of Rubicon Technology (NASDAQ:RBCN – Get Rating) in a research report issued to clients and investors on Sunday. The firm set a “sell” rating on the semiconductor company’s stock.

Rubicon Technology Stock Performance

RBCN stock opened at $1.62 on Friday. Rubicon Technology has a fifty-two week low of $1.26 and a fifty-two week high of $17.74. The company has a current ratio of 3.16, a quick ratio of 2.53 and a debt-to-equity ratio of 0.52. The business’s fifty day moving average price is $1.62 and its two-hundred day moving average price is $1.95.

Institutional Investors Weigh In On Rubicon Technology

An institutional investor recently bought a new position in Rubicon Technology stock. Citadel Advisors LLC acquired a new stake in Rubicon Technology, Inc. (NASDAQ:RBCN – Get Rating) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 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.

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.

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