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. 8.56 0.20 2.39 4,739 Trade
DSPG DSP Group Inc. 12.78 -0.25 -1.92 56,045 Trade

Comments

Emerging Growth

Liberty One Lithium Corp

Liberty One Lithium Corp is a mineral exploration company engaged in acquisition and development of high grade lithium brine deposits.

Private Markets

The Green Organic Dutchman

The Green Organic Dutchman Ltd. ("TGOD") produces farm grown, organic cannabis for medical use. The company grows its high quality organic cannabis in small batches using craft growing, all natural…

iPRO Network, LLC

We provide the platform, tools, and resources to empower individuals and professionals to market desirable goods and services to the public, taking the place of traditional methods of commerce.