On Sunday, a team of equities research analysts at StockNews.com released their assessment of Rubicon Technology (NASDAQ:RBCN) with a “sell” rating in a research note. The brokerage provided their analysis on the semiconductor company’s stock.
According to the report, Rubicon Technology’s stock experienced a 14.8% decrease last week. On Friday, NASDAQ RBCN opened at $0.72 and closed at $0.65 by the end of the day. The stock has a 50-day moving average of $0.80 and a 200-day moving average of $0.85. Rubicon Technology’s one-year low was $0.52 while its high was $2.25, indicating significant volatility in the stock over the past year.
Institutional investors played a role in Rubicon Technology as well, with recent developments affecting their investment decisions. Citadel Advisors LLC recently purchased new shares in the company, owning approximately 0
