Rubicon Technology Receives a Hold from Oppenheimer

By Jason Carr

Oppenheimer analyst Colin Rusch assigned a Hold rating to Rubicon Technology (NASDAQ: RBCN) yesterday. The company’s shares closed yesterday at $0.51, close to its 52-week low of $0.51.

According to TipRanks.com, Rusch is a 4-star analyst with an average return of 6.2% and a 44.8% success rate. Rusch covers the Technology sector, focusing on stocks such as Trimble Navigation Limited, SolarEdge Technologies, and Ultra Clean Holdings.

Rubicon Technology has an analyst consensus of Moderate Sell, with a price target consensus of $8.

The company has a one year high of $1.78 and a one year low of $0.51. Currently, Rubicon Technology has an average volume of 58.01K.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RBCN in relation to earlier this year. Most recently, in January 2016, Michael Mikolajczyk, a Director at RBCN bought 80,000 shares for a total of $95,613.

Rubicon Technology, Inc. engages in vertically integrated, advanced electronic materials, which provides in monocrystalline sapphire for applications in light-emitting diodes, optical systems and specialty electronic devices. It applies its proprietary crystal growth technology to produce sapphire products to supply both high-volume and niche end-markets. The company was founded in 2000 and is headquartered in Bensenville, IL.