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StockNews.com Begins Coverage on Rubicon Technology (NASDAQ:RBCN)

Defense World ·  Mar 27, 2023 01:22

Investment analysts at StockNews.com started coverage on shares of Rubicon Technology (NASDAQ:RBCN – Get Rating) in a report released on Monday. The brokerage set a "sell" rating on the semiconductor company's stock.

Rubicon Technology Price Performance

RBCN opened at $1.52 on Monday. Rubicon Technology has a 12-month low of $1.26 and a 12-month high of $17.74. The business has a 50 day moving average of $1.60 and a 200-day moving average of $1.87. The company has a quick ratio of 2.53, a current ratio of 3.16 and a debt-to-equity ratio of 0.52.

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Hedge Funds Weigh In On Rubicon Technology

An institutional investor recently bought a new position in Rubicon Technology stock. Citadel Advisors LLC acquired a new stake in Rubicon Technology, Inc. (NASDAQ:RBCN – Get Rating) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 21,412 shares of the semiconductor company's stock, valued at approximately $46,000. Citadel Advisors LLC owned 0.87% of Rubicon Technology at the end of the most recent reporting period.

Rubicon Technology Company Profile

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Rubicon Technology, Inc engages in the provision of monocrystalline sapphire for applications in optical and industrial systems. It operates through the following business segments: Sapphire and Pharmacy Business. The company was founded on February 7, 2001 and is headquartered in Bensenville, IL.

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