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Stocks Under $10: Rubicon Technology

Rubicon 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

Rubicon 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