ValuEngine upgraded shares of Rubicon Technology (NASDAQ:RBCN) from a sell rating to a hold rating in a research report sent to investors on Sunday.

Rubicon Technology (NASDAQ RBCN) opened at $8.08 on Friday. The stock has a market cap of $21.80, a PE ratio of -0.62 and a beta of 0.76. Rubicon Technology has a 52-week low of $4.90 and a 52-week high of $10.45.

In other Rubicon Technology news, Director Donald R. Caldwell sold 221,784 shares of Rubicon Technology stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $8.00, for a total transaction of $1,774,272.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.10% of the company’s stock.

An institutional investor recently raised its position in Rubicon Technology stock. River & Mercantile Asset Management LLP boosted its holdings in shares of Rubicon Technology, Inc. (NASDAQ:RBCN) by 16.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,450 shares of the semiconductor company’s stock after acquiring an additional 13,760 shares during the period. River & Mercantile Asset Management LLP owned about 3.50% of Rubicon Technology worth $787,000 at the end of the most recent reporting period. 32.22% of the stock is currently owned by institutional investors.

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Rubicon Technology Company Profile

Rubicon Technology, Inc is a vertically integrated, electronic materials provider specializing in monocrystalline sapphire for applications in light-emitting diodes (LEDs), optical systems and specialty electronic devices. The Company’s product lines include sapphire cores; four and six-inch sapphire wafers; four, six, and eight-inch patterned sapphire substrate (PSS) wafers, and optical sapphire components.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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