StockNews.com initiated coverage on shares of Rubicon Technology (NASDAQ:RBCN – Get Rating) in a research note issued to investors on Tuesday. The firm issued a sell rating on the semiconductor company's stock.
Separately, TheStreet downgraded Rubicon Technology from a b rating to a c+ rating in a report on Wednesday, September 7th.
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Rubicon Technology Trading Up 3.7 %
Shares of RBCN stock opened at $1.40 on Tuesday. The stock has a market cap of $3.45 million, a price-to-earnings ratio of -3.11 and a beta of 0.86. The company has a quick ratio of 2.53, a current ratio of 3.16 and a debt-to-equity ratio of 0.52. Rubicon Technology has a fifty-two week low of $1.30 and a fifty-two week high of $17.74. The firm's 50 day moving average price is $1.93 and its two-hundred day moving average price is $7.10.
Rubicon Technology (NASDAQ:RBCN – Get Rating) last issued its quarterly earnings results on Thursday, November 10th. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter. Rubicon Technology had a return on equity of 3.42% and a net
margin of 20.85%. The company had revenue of $0.69 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Rubicon Technology stock. Citadel Advisors LLC purchased a new position in shares of Rubicon Technology, Inc. (NASDAQ:RBCN – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 21,412 shares of the semiconductor company's stock, valued at approximately $46,000. Citadel Advisors LLC owned approximately 0.87% of Rubicon Technology as of its most recent filing with the SEC. Institutional investors own 27.22% of the company's stock.
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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