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

StockNews.com initiated coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a report released on Sunday morning. The firm issued a sell rating on the semiconductor company’s stock.

Rubicon Technology Trading Up 1.4 %

RBCN stock opened at $0.74 on Friday. Rubicon Technology has a twelve month low of $0.52 and a twelve month high of $2.25. The firm’s fifty day simple moving average is $0.80 and its two-hundred day simple moving average is $0.84.

Institutional Trading of Rubicon Technology

An institutional investor recently bought a new position in Rubicon Technology stock. Citadel Advisors LLC purchased a new stake in shares of Rubicon Technology, Inc. (NASDAQ:RBCN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.01% of the company’s stock.

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.