Rubicon Technology (NASDAQ:RBCN) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a research note issued to investors on Sunday. The firm set a “sell” rating on the semiconductor company’s stock.

Rubicon Technology Stock Up 11.1 %

NASDAQ RBCN opened at $0.80 on Friday. Rubicon Technology has a 1-year low of $0.52 and a 1-year high of $2.25. The firm’s fifty day simple moving average is $0.80 and its 200-day simple moving average is $0.84.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rubicon Technology stock. Citadel Advisors LLC bought a new stake in shares of Rubicon Technology, Inc. (NASDAQ:RBCN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 21,412 shares of the semiconductor company’s stock, valued at approximately $46,000. Citadel Advisors LLC owned 0.87% of Rubicon Technology as of its most recent SEC filing. 0.01% of the stock is currently owned by institutional investors and hedge funds.

Rubicon Technology Company Profile

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.