Rubicon Technology Inc. Sets New 1-Year High at $13.20 (RBCN)
Rubicon Technology (NASDAQ:RBCN)’s share price reached a new 52-week high on Wednesday, Stock Ratings Network.com reports. The company traded as high as $13.20 and last traded at $13.01, with a volume of 960,968 shares traded. The stock had previously closed at $11.31.
A number of analysts have recently weighed in on RBCN shares. Analysts at Lazard Capital Markets raised their price target on shares of Rubicon Technology (NASDAQ:RBCN) from $9.50 to $14.00 in a research note to investors on Thursday, August 29th. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rubicon Technology (NASDAQ:RBCN) in a research note to investors on Thursday, August 22nd. They now have a $12.00 price target on the stock. Finally, analysts at UBS AG cut their price target on shares of Rubicon Technology (NASDAQ:RBCN) from $7.00 to $5.50 in a research note to investors on Thursday, August 22nd. They now have a “sell” rating on the stock.
Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Rubicon Technology currently has an average rating of “Hold” and an average price target of $10.19.
Rubicon Technology has a one year low of $4.83 and a one year high of $13.20. The stock’s 50-day moving average is $10.65 and its 200-day moving average is $8.0. The company’s market cap is $293.1 million.
Rubicon Technology (NASDAQ:RBCN) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.26) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.21) by $0.05. The company had revenue of $10.60 million for the quarter, compared to the consensus estimate of $10.82 million. During the same quarter last year, the company posted ($0.06) earnings per share. Rubicon Technology’s revenue was down 38.2% compared to the same quarter last year. Analysts expect that Rubicon Technology will post $-0.76 EPS for the current fiscal year.
Rubicon Technology, Inc manufactures synthetic electronic materials for opto-electronic, semiconductor fabrication, telecommunications, and optical & laser applications.
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