Rubicon Technology (NASDAQ:RBCN) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Rubicon Technology, Inc. (NASDAQ:RBCNGet Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.97 and traded as high as $2.20. Rubicon Technology shares last traded at $2.18, with a volume of 4,131 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on shares of Rubicon Technology in a research report on Monday, May 19th. They issued a “sell” rating on the stock.

Get Our Latest Research Report on Rubicon Technology

Rubicon Technology Price Performance

The stock has a market capitalization of $5.19 million, a price-to-earnings ratio of 11.47 and a beta of 0.94. The business’s 50-day simple moving average is $2.08 and its two-hundred day simple moving average is $1.97.

About Rubicon Technology

(Get Free Report)

Rubicon Technology, Inc provides monocrystalline sapphire for applications in optical and industrial systems in North America, Asia, and internationally. The company offers optical and industrial sapphire products in various shapes and sizes, including sheets, rods, tubes, core, ingots, and prisms for a range of end markets comprising defense and aerospace, specialty lighting, instrumentation, sensors and detectors, semiconductor process equipment, electronic substrates, medical, and laser applications.

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