Rubicon Technology (NASDAQ:RBCN) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Rubicon Technology, Inc. (NASDAQ:RBCNGet Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.23 and traded as high as $4.55. Rubicon Technology shares last traded at $4.40, with a volume of 6,725 shares.

Rubicon Technology Stock Performance

The firm’s 50 day simple moving average is $3.53 and its 200-day simple moving average is $3.23. The company has a market cap of $41.26 million, a price-to-earnings ratio of 23.16 and a beta of 1.26.

About Rubicon Technology

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Rubicon Technology, Inc (NASDAQ: RBCN) is a U.S.-based manufacturer of engineered sapphire materials, specializing in the production of single-crystal sapphire substrates and components. Utilizing proprietary flame-fusion processes, the company produces high-purity sapphire products designed for a variety of industrial and technology applications. Its product portfolio includes wafer substrates for LED and semiconductor testing, precision optical windows, and robust components for high-pressure or high-temperature environments.

Incorporated in 2002 and headquartered in Michigan, Rubicon Technology operates one of the few domestic facilities dedicated to synthetic sapphire production.

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