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Rubicon Technology (NASDAQ:RBCN) has received an average rating of “Hold” from the twelve ratings firms that are covering the company, AR Network reports. Four analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $10.73.

Rubicon Technology (NASDAQ:RBCN) opened at 6.24 on Tuesday. Rubicon Technology has a 52 week low of $5.52 and a 52 week high of $14.67. The stock’s 50-day moving average is $7.31 and its 200-day moving average is $9.47. The company’s market cap is $163.2 million.

Rubicon Technology (NASDAQ:RBCN) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.03. The company had revenue of $14.47 million for the quarter, compared to the consensus estimate of $14.40 million. During the same quarter in the prior year, the company posted ($0.26) earnings per share. The company’s quarterly revenue was up 37.1% on a year-over-year basis. On average, analysts predict that Rubicon Technology will post $-1.53 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on RBCN shares. Analysts at JPMorgan Chase & Co. downgraded shares of Rubicon Technology from an “overweight” rating to a “neutral” rating in a research note on Friday, August 8th. They now have a $8.00 price target on the stock, down previously from $13.00. Separately, analysts at Canaccord Genuity downgraded shares of Rubicon Technology from a “buy” rating to a “hold” rating in a research note on Friday, August 8th. They now have a $8.00 price target on the stock, down previously from $10.00. They noted that the move was a valuation call. Finally, analysts at Goldman Sachs initiated coverage on shares of Rubicon Technology in a research note on Wednesday, July 23rd. They set a “sell” rating and a $6.00 price target on the stock.

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

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