RBCN Crosses Below Key Price/Book Valuation Level

In trading on Tuesday, shares of Rubicon Technology Inc (RBCN) crossed below their last reported book value — defined as common shareholder equity per share — of $9.31, changing hands as low as $9.09 per share. Rubicon Technology Inc shares are currently trading down about 2.2% on the day. The chart below shows the one year performance of RBCN shares, versus its 50 and 200 day moving averages:

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Rubicon Technology Inc Moving Averages Chart

Looking at the chart above, RBCN's low point in its 52 week range is $4.83 per share, with $13.78 as the 52 week high point — that compares with a last trade of $9.60.

According to the ETF Finder at ETF Channel, RBCN makes up 1.62% of the WilderHill Clean Energy Portfolio ETF ( PBW) which is trading lower by about 0.2% on the day Tuesday.

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