Rubicon Technology (NASDAQ:RBCN) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Rubicon Technology, Inc. (NASDAQ:RBCN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.27 and traded as high as $1.80. Rubicon Technology shares last traded at $1.68, with a volume of 2,165 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Rubicon Technology in a research note on Saturday. They issued a “sell” rating on the stock.

Rubicon Technology Trading Up 2.0 %

The company has a market cap of $4.00 million, a P/E ratio of 8.86 and a beta of 0.84. The business’s 50 day simple moving average is $1.59 and its 200 day simple moving average is $1.28.

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.