Stocks Under $10: Rubicon Technology

Richard Suttmeier |

Stocks Under $10: Rubicon TechnologyRubicon Technology (RBCN) – ($7.06) has been upgraded to a Buy rating according to ValuEngine with fair value at 8.26, which makes the stock 15.3% undervalued. The one-year price target is $7.43. ValuEngine Profile – “RUBICON TECHNOLOGY is an advanced electronic materials provider that develops, manufactures and sells monocrystalline sapphire and other innovative crystalline products. Rubicon's products are used in light emitting diodes and blue laser diodes for solid state lighting and electronics applications, in radio frequency integrated circuits and in products for military, aerospace, sensor and other applications. Rubicon is headquartered in Franklin Park, Illinois.”

Analysis – The daily chart for RBCN shows overbought momentum with the stock above its 21-day, and 50-day simple moving averages at $6.93 and $6.39 and below its 200-day simple moving average at $7.42. My monthly value level is $5.82 with a weekly risky level at $7.81.

Courtesy of Thomson / Reuters

Ticker

Company Name

Mkt Price

Fair Value

One-Year Price Target

Last 12-Mon Retn (%)

5-Yr Avg Retn (%)

P/E Ratio

RBCN

RUBICON TECHNOLOGY

7.06

8.26

7.43

-21.79

-23.65

n/a

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
RBCN Rubicon Technology Inc. 0.48 0.00 0.00 13,400
DSPG DSP Group Inc. 11.55 0.05 0.43 201

Comments

Emerging Growth

IBC Advanced Alloys Corp.

IBC Advanced Alloys Corp is engaged in the production and development of specialty alloy products. Its products include copper alloys and berryllium aluminium alloys.

Private Markets

8tracks

Our mission is to be the best place for people who care about music to create and discover thoughtfully curated playlists. In essence, 8tracks is a platform for online mixtapes.

Cross Campus

With over 500 members and operating 80,000 square feet by summer 2016, Cross Campus is one of the country’s top ten shared, collaborative office or "coworking" operators in the US.…