Rubicon Technology Inc. (RBCN) Drops 19.94% on January 05

Equities Staff |

Rubicon Technology Inc. (RBCN) was one of the Russell 2000's biggest losers for Tuesday January 05 as the stock slid 19.94% to $1.39, a loss of $-0.345 per share. Starting at an opening price of $1.69 a share, the stock traded between $1.38 and $1.69 over the course of the trading day. Volume was 585,387 shares over 1,749 trades, against an average daily volume of 100,275 shares and a total float of 26.2 million.

The losses send Rubicon Technology Inc. down to a market cap of $36.29 million. In the last year, Rubicon Technology Inc. has traded between $4.90 and $0.83, and its 50-day SMA is currently $1.10 and 200-day SMA is $2.08.

Rubicon Technology Inc is an electronic materials provider that develops, manufactures and sells monocrystalline sapphire and other crystalline products for LEDs, RFICs, blue laser diodes, optoelectronics and other optical applications.

Rubicon Technology Inc. is based out of Bensenville, IL and has some 283 employees. Its CEO is William F. Weissman.

For a complete fundamental analysis analysis of Rubicon Technology Inc., check out Equities.com’s Stock Valuation Analysis report for RBCN. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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