StockNews.com Initiates Coverage on Rubicon Technology (NASDAQ:RBCN)

StockNews.com initiated coverage on shares of Rubicon Technology (NASDAQ:RBCN – Get Rating) in a research note published on Monday morning. The firm issued a sell rating on the semiconductor company’s stock.

Rubicon Technology Stock Down 18.3 %

Shares of NASDAQ RBCN opened at $1.16 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.15 and a current ratio of 2.42. Rubicon Technology has a 12 month low of $1.15 and a 12 month high of $17.74. The firm has a fifty day simple moving average of $1.43 and a two-hundred day simple moving average of $1.60.

Institutional Trading of Rubicon Technology

A hedge fund recently bought a new stake in Rubicon Technology stock. Citadel Advisors LLC bought a new position in Rubicon Technology, Inc. (NASDAQ:RBCN – Get Rating) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 21,412 shares of the semiconductor company’s stock, valued at approximately $46,000. Citadel Advisors LLC owned 0.87% of Rubicon Technology at the end of the most recent reporting period.

About Rubicon Technology

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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.