UBS AG Gives Neutral Rating to Rubicon Technology (RBCN)

By admin | 6 years ago

Rubicon Technology (NASDAQ: RBCN)‘s stock had its “neutral” rating restated by analysts at UBS AG (NYSE: UBS) in a research report issued to clients and investors on Wednesday.

Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital (NYSE: RY) initiated coverage on shares of Rubicon Technology in a research note to investors on Friday, March 23rd. They set a “neutral” rating on the stock. Separately, analysts at Avian upgraded shares of Rubicon Technology from a “neutral” rating to a “positive” rating in a research note to investors on Wednesday, March 14th.

Rubicon Technology traded down 3.55% on Wednesday, hitting $9.3072. Rubicon Technology has a 1-year low of $8.20 and a 1-year high of $29.25. The company has a market cap of $209.7 million and a price-to-earnings ratio of 5.99.

The company last announced its quarterly results on Thursday, February 23rd. It reported $0.04 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.08 EPS by $0.04. The company’s quarterly revenue was down 34.2% on a year-over-year basis. Analysts expect that Rubicon Technology will post $-0.03 EPS next quarter.

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.

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