Rubicon Technology (NASDAQ:RBCN) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Rubicon Technology, Inc. (NASDAQ:RBCN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.75 and traded as high as $2.09. Rubicon Technology shares last traded at $2.09, with a volume of 1,436 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Rubicon Technology in a report on Thursday. They issued a “sell” rating on the stock.

Rubicon Technology Stock Down 4.3 %

The company’s fifty day moving average price is $2.09 and its two-hundred day moving average price is $1.75. The company has a market cap of $4.76 million, a price-to-earnings ratio of 10.53 and a beta of 0.80.

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.