Rubicon Technology (NASDAQ:RBCN) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Rubicon Technology, Inc. (NASDAQ:RBCNGet Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.95 and traded as high as $5.80. Rubicon Technology shares last traded at $5.80, with a volume of 193 shares.

Rubicon Technology Trading Down 8.3%

The company’s 50 day simple moving average is $5.48 and its 200 day simple moving average is $3.98. The stock has a market capitalization of $49.89 million, a PE ratio of 28.00 and a beta of 1.39.

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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