Stock analysts at StockNews.com initiated coverage on shares of Rubicon Technology (NASDAQ:RBCN – Get Rating) in a report issued on Friday. The firm set a “sell” rating on the semiconductor company’s stock.
Rubicon Technology Trading Up 2.1 %
RBCN stock opened at $1.43 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.57 and a current ratio of 2.78. The company has a 50 day moving average price of $1.32 and a 200 day moving average price of $1.51. Rubicon Technology has a fifty-two week low of $1.15 and a fifty-two week high of $17.74.
Institutional Trading of Rubicon Technology
An institutional investor recently bought a new position in Rubicon Technology stock. Citadel Advisors LLC bought a new position in shares of Rubicon Technology, Inc. (NASDAQ:RBCN – Get Rating) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,412 shares of the semiconductor company’s stock, valued at approximately $46,000. Citadel Advisors LLC owned 0.87% of Rubicon Technology as of its most recent filing with the Securities and Exchange Commission.
Rubicon Technology Company Profile
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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