Analysts at StockNews.com assumed coverage on shares of Rubicon Technology (NASDAQ:RBCN – Get Rating) in a research note issued to investors on Thursday. The firm set a “sell” rating on the semiconductor company’s stock.
Rubicon Technology Stock Performance
RBCN stock opened at $1.20 on Thursday. The stock’s 50 day moving average price is $1.35 and its 200 day moving average price is $1.53. The company has a quick ratio of 2.57, a current ratio of 2.78 and a debt-to-equity ratio of 0.55. Rubicon Technology has a 1 year low of $1.15 and a 1 year high of $17.74.
Institutional Trading of Rubicon Technology
A hedge fund recently bought a new stake in Rubicon Technology stock. Citadel Advisors LLC purchased a new position in shares of Rubicon Technology, Inc. (NASDAQ:RBCN – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 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 reporting period.
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.
See Also
- Get a free copy of the StockNews.com research report on Rubicon Technology (RBCN)
- Game-Changing News For AMD And Its Shareholders
- How to Read Stock Charts for Beginners
- Can Chegg’s AI Pivot Save It From Disruption?
- Best Investment Strategy in 2023: Determine the Right One for You
- Enovix: A Rising Power in the Lithium-Ion Industry
Receive News & Ratings for Rubicon Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rubicon Technology and related companies with MarketBeat.com's FREE daily email newsletter.
