Rubicon Tech edges up 9% after William Blair initiates with ‘outperform’ rating

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SmallCapInvestor spotlight company Rubicon Technology Inc. (Nasdaq:RBCN) is up more than 9% today after William Blair & Company initiated the stock after the open with an “outperform” rating. Rubicon Technology is a Franklin Park, Ill.-based company that manufactures and markets monocrystalline sapphire for LEDs and other optical uses. Analysts at William Blair said sapphire was an important component necessary for making products in several high-growth markets.

In today’s trading, shares of Rubicon are at $17.62 at 10:49 a.m. ET, up $1.47 from Wednesday’s close. The shares have ranged from $14 to $34.94 during the past year.

For detailed price information and recent news stories about Rubicon Technology Inc., click RBCN.