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

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

Rubicon Technology Price Performance

Shares of RBCN stock opened at $0.72 on Friday. Rubicon Technology has a 52 week low of $0.52 and a 52 week high of $2.25. The firm’s 50-day simple moving average is $0.71 and its two-hundred day simple moving average is $1.01.

Institutional Trading of Rubicon Technology

A hedge fund recently bought a new stake in Rubicon Technology stock. Citadel Advisors LLC bought a new position in Rubicon Technology, Inc. (NASDAQ:RBCNFree Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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 SEC filing.

About Rubicon Technology

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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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