Rubicon Technology (NASDAQ:RBCN) Stock Crosses Above 200-Day Moving Average of $0.78

Rubicon Technology, Inc. (NASDAQ:RBCN) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.78 and traded as high as $0.91. Rubicon Technology shares last traded at $0.91, with a volume of 335 shares traded.

Wall Street Analysts Forecast Growth

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

Rubicon Technology Stock Performance

The stock’s fifty day simple moving average is $0.81 and its two-hundred day simple moving average is $0.78.

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.