Rubicon Technology Share Price Target Raised to $10.00 by Canaccord Genuity Analysts (RBCN)

Analysts at Canaccord Genuity boosted their price target on shares of Rubicon Technology (NASDAQ: RBCN) to $10.00 in a research report issued to clients and investors on Friday.

Separately, analysts at UBS AG (NYSE: UBS) reiterated a “neutral” rating on shares of Rubicon Technology in a research note to investors on Friday, February 10th. Analysts at RBC Capital (NYSE: RY) reiterated an “underperform” rating on shares of Rubicon Technology in a research note to investors on Friday, February 10th. Also, analysts at Sterne Agee downgraded shares of Rubicon Technology to an “underperform” rating in a research note to investors on Wednesday, January 25th.

Rubicon Technology, Inc. (Rubicon) is an electronic materials provider, which develops, manufactures and sells monocrystalline sapphire and other crystalline products for light-emitting diodes (LEDs), radio frequency integrated circuits (RFICs), blue laser diodes, optoelectronics and other optical applications. Rubicon is an integrated manufacturer of sapphire substrates and optical windows, which are used in a range of applications. The product line includes two to four inch sapphire cores and wafers for use in LEDs and blue laser diodes for lighting and electronic applications. In addition, the Company sells six inch sapphire wafers, which are used for silicon-on-sapphire (SOS) RFICs, as well as products for military, aerospace, sensor and other applications.

Shares of Rubicon Technology traded down 17.75% during mid-day trading on Friday, hitting $10.01. Rubicon Technology has a 52 week low of $8.23 and a 52 week high of $29.79. The stock’s 50-day moving average is $11.61 and its 200-day moving average is $11.1. The company has a market cap of $226.0 million and a P/E ratio of 5.48.

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Posted by Web Inquirer Staff on 24 Feb 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.