Rubicon Technology (NASDAQ:RBCN) Now Covered by StockNews.com

StockNews.com started coverage on shares of Rubicon Technology (NASDAQ:RBCNGet Rating) in a research report issued on Wednesday. The firm set a “sell” rating on the semiconductor company’s stock.

Rubicon Technology Trading Down 4.1 %

Shares of Rubicon Technology stock opened at $1.41 on Wednesday. Rubicon Technology has a 12-month low of $1.26 and a 12-month high of $17.74. The firm’s 50 day simple moving average is $1.58 and its two-hundred day simple moving average is $1.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.15 and a current ratio of 2.42.

Hedge Funds 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:RBCNGet Rating) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 21,412 shares of the semiconductor company’s stock, valued at approximately $46,000. Citadel Advisors LLC owned about 0.87% of Rubicon Technology at the end of the most recent quarter.

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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