Rubicon Technology (NASDAQ:RBCN) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Rubicon Technology (NASDAQ:RBCN) in a research report sent to investors on Saturday morning. The brokerage issued a sell rating on the semiconductor company’s stock.

Rubicon Technology Stock Up 14.5 %

Shares of NASDAQ RBCN opened at $0.95 on Friday. Rubicon Technology has a fifty-two week low of $0.52 and a fifty-two week high of $2.25. The company has a 50 day simple moving average of $0.79 and a two-hundred day simple moving average of $0.86.

Hedge Funds Weigh In On Rubicon Technology

A hedge fund recently bought a new stake in Rubicon Technology stock. Citadel Advisors LLC bought a new stake in shares of Rubicon Technology, Inc. (NASDAQ:RBCN) in the third quarter, according to the company in its most recent disclosure 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 filing with the Securities and Exchange Commission (SEC). 0.01% of the stock is currently owned by institutional investors.

About Rubicon Technology

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.