Rubicon Technology (NASDAQ:RBCN) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Rubicon Technology, Inc. (NASDAQ:RBCN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.27 and traded as high as $1.80. Rubicon Technology shares last traded at $1.68, with a volume of 2,165 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Rubicon Technology in a research report on Saturday. They issued a “sell” rating for the company.

Rubicon Technology Stock Performance

The stock’s 50-day moving average price is $1.59 and its two-hundred day moving average price is $1.28. The stock has a market capitalization of $4.00 million, a PE ratio of 8.86 and a beta of 0.84.

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.