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Rubicon Technology (NASDAQ:RBCN) was upgraded by analysts at Oppenheimer from an “underperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.

Rubicon Technology (NASDAQ:RBCN) opened at 7.49 on Friday. Rubicon Technology has a 1-year low of $6.93 and a 1-year high of $14.67. The stock’s 50-day moving average is $9.41 and its 200-day moving average is $10.58. The company’s market cap is $195.9 million.

Rubicon Technology (NASDAQ:RBCN) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.43) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.33) by $0.10. The company had revenue of $14.30 million for the quarter, compared to the consensus estimate of $12.95 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The company’s quarterly revenue was up 72.3% on a year-over-year basis. On average, analysts predict that Rubicon Technology will post $-1.31 earnings per share for the current fiscal year.

RBCN has been the subject of a number of other recent research reports. Analysts at Dougherty & Co initiated coverage on shares of Rubicon Technology in a research note on Tuesday, May 13th. They set a “buy” rating and a $11.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Rubicon Technology from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. Finally, analysts at Canaccord Genuity cut their price target on shares of Rubicon Technology from $15.00 to $14.00 in a research note on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.94.

Rubicon Technology, Inc manufactures synthetic electronic materials for opto-electronic, semiconductor fabrication, telecommunications, and optical & laser applications.

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