Rubicon Technology (NASDAQ:RBCN) Now Covered by Analysts at StockNews.com

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

Rubicon Technology Stock Up 1.4 %

NASDAQ RBCN opened at $0.74 on Friday. The stock has a 50-day moving average of $0.80 and a two-hundred day moving average of $0.84. Rubicon Technology has a 1-year low of $0.52 and a 1-year high of $2.25.

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 position in shares of Rubicon Technology, Inc. (NASDAQ:RBCN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,412 shares of the semiconductor company’s stock, valued at approximately $46,000. Citadel Advisors LLC owned about 0.87% of Rubicon Technology as of its most recent SEC filing. Institutional investors own 0.01% of the company’s stock.

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.