Rubicon Technology (NASDAQ:RBCN) Stock Passes Above 200-Day Moving Average – Should You Sell?

by · The Markets Daily

Rubicon Technology, Inc. (NASDAQ:RBCN – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.21 and traded as high as $1.76. Rubicon Technology shares last traded at $1.76, with a volume of 108 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Rubicon Technology in a research report on Thursday. They set a “sell” rating on the stock.

Read Our Latest Report on Rubicon Technology

Rubicon Technology Stock Performance

The business’s fifty day simple moving average is $1.50 and its 200-day simple moving average is $1.21. The company has a market capitalization of $4.19 million, a P/E ratio of 9.26 and a beta of 0.88.

Rubicon Technology Company Profile

(Get Free Report)

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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