Rubicon Technology (NASDAQ:RBCN) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Rubicon Technology, Inc. (NASDAQ:RBCN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.56 and traded as high as $4.37. Rubicon Technology shares last traded at $4.26, with a volume of 10,836 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen began coverage on Rubicon Technology in a research report on Monday, May 19th. They issued a “sell” rating on the stock.

Rubicon Technology Price Performance

The stock has a 50 day moving average price of $3.41 and a two-hundred day moving average price of $2.56. The firm has a market capitalization of $10.14 million, a price-to-earnings ratio of 22.42 and a beta of 1.02.

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.