Rubicon Technology (NASDAQ:RBCN) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Rubicon Technology, Inc. (NASDAQ:RBCNGet Free Report)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.42 and traded as high as $5.35. Rubicon Technology shares last traded at $5.35, with a volume of 487 shares changing hands.

Rubicon Technology Trading Up 6.3%

The stock has a market capitalization of $53.31 million, a PE ratio of 29.92 and a beta of 1.38. The company’s 50-day moving average is $4.38 and its 200 day moving average is $3.43.

About Rubicon Technology

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Rubicon Technology, Inc (NASDAQ: RBCN) is a U.S.-based manufacturer of engineered sapphire materials, specializing in the production of single-crystal sapphire substrates and components. Utilizing proprietary flame-fusion processes, the company produces high-purity sapphire products designed for a variety of industrial and technology applications. Its product portfolio includes wafer substrates for LED and semiconductor testing, precision optical windows, and robust components for high-pressure or high-temperature environments.

Incorporated in 2002 and headquartered in Michigan, Rubicon Technology operates one of the few domestic facilities dedicated to synthetic sapphire production.

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