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

StockNews.com started coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a research report report published on Sunday morning. The firm issued a sell rating on the semiconductor company’s stock.

Rubicon Technology Stock Performance

Shares of RBCN opened at $0.73 on Friday. The company’s 50 day simple moving average is $0.80 and its 200-day simple moving average is $0.84. Rubicon Technology has a 12-month low of $0.52 and a 12-month high of $2.25.

Hedge Funds Weigh In On Rubicon Technology

An institutional investor recently bought a new position in Rubicon Technology stock. Citadel Advisors LLC bought a new stake in Rubicon Technology, Inc. (NASDAQ:RBCN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

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.