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

StockNews.com began coverage on shares of Rubicon Technology (NASDAQ:RBCNFree Report) in a report released on Friday morning. The firm issued a sell rating on the semiconductor company’s stock.

Rubicon Technology Stock Performance

Shares of NASDAQ:RBCN opened at $0.69 on Friday. Rubicon Technology has a 52-week low of $0.52 and a 52-week high of $2.25. The business has a 50-day moving average price of $0.71 and a 200-day moving average price of $1.04.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rubicon Technology stock. Citadel Advisors LLC purchased a new stake in shares of Rubicon Technology, Inc. (NASDAQ:RBCNFree Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Rubicon Technology Company Profile

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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.

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