Rubicon Technology, Inc. (NASDAQ:RBCN – Get Free Report) shares were up 0% during mid-day trading on Friday. The stock traded as high as $5.10 and last traded at $4.87. 602 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 3,914 shares. The stock had previously closed at $4.8688.
Rubicon Technology Trading Up 0.0%
The company has a 50 day moving average of $5.51 and a 200-day moving average of $4.74. The firm has a market capitalization of $45.67 million, a P/E ratio of 25.63 and a beta of 1.61.
Rubicon Technology Company Profile
Rubicon Technology, Inc. is a real estate company focused on owning and leasing industrial property. Its business has shifted from manufacturing advanced materials to generating revenue through property leasing. Historically, the company developed and produced monocrystalline sapphire materials, including crystal components and wafers used in applications such as LED lighting, optical systems, and semiconductor devices. Rubicon was known for its work with large-diameter sapphire substrates. The company’s current real estate activities follow a strategic transition away from sapphire manufacturing.
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