Equities researchers at StockNews.com assumed coverage on shares of Rubicon Technology (NASDAQ:RBCN – Get Rating) in a report issued on Friday. The brokerage set a "sell" rating on the semiconductor company's stock.
Rubicon Technology Trading Down 2.7 %
Shares of RBCN opened at $1.78 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.53 and a current ratio of 3.16. The business has a 50-day simple moving average of $1.79 and a two-hundred day simple moving average of $6.35. Rubicon Technology has a 52 week low of $1.26 and a 52 week high of $17.74.
Get Rubicon Technology alerts:Rubicon Technology (NASDAQ:RBCN – Get Rating) last issued its quarterly earnings results on Thursday, November 10th. The semiconductor company reported ($0.12) EPS for the quarter. The company had revenue of $0.69 million during the quarter. Rubicon Technology had a return on equity of 3.42% and a net margin of 20.85%.
Institutional Trading of Rubicon Technology
A hedge fund recently bought a new stake in Rubicon Technology stock. Citadel Advisors LLC bought a new position in shares of Rubicon Technology, Inc. (NASDAQ:RBCN – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 21,412 shares of the semiconductor company's stock, valued at approximately $46,000. Citadel Advisors LLC owned approximately 0.87% of Rubicon Technology at the end of the most recent quarter.About Rubicon Technology
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Rubicon Technology, Inc provides monocrystalline sapphire for applications in optical and industrial systems in North America and Asia. The company offers optical and industrial sapphire products in various shapes and sizes, including round and rectangular windows and wafers, domes, tubes, and rods 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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