Summary

1.14 0.00(0.00%)09/06/2024
Rubicon Technology Inc (RBCN)

Key Facts


1 Day1 Week1 Month3 Months6 Months1 Year5 YearsAll Time
-6.56-8.0615.1554.0556.16-18.57-92.66-45.23


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Trading Data
Close1.14
Open1.14
High1.14
Low1.14
Volume2
Change-0.08
Change %-6.56
Avg Volume (20 Days)355
Volume/Avg Volume (20 Days) Ratio0.01
52 Week Range0.53 - 2.00
Price vs 52 Week High-43.00%
Price vs 52 Week Low115.09%
Range0.00
Gap Up/Down-0.16
Fundamentals
Market Capitalization (Mln)3
EBIDTA-2,014,000
PE Ratio0.0000
PEG Ratio0.0000
WallStreet Target Price0.75
Book Value11.9880
Earnings Per Share-0.4900
EPS Estimate Current Quarter0.0000
EPS Estimate Next Quarter0.0000
EPS Estimate Current Year0.0000
EPS Estimate Next Year0.0000
Diluted EPS (TTM)-0.4900
Revenues
Profit Marging-0.2862
Operating Marging (TTM)-0.5045
Return on asset (TTM)-0.0418
Return on equity (TTM)-0.0400
Revenue TTM4,105,000
Revenue per share TTM1.6880
Quarterly Revenue Growth (YOY)0.4600
Quarterly Earnings Growth (YOY)0.0000
Gross Profit (TTM)1,241,000
Dividends
Dividend Share0.0000
Dividend Yield
Valuations
Trailing PE0.0000
Forward PE0.0000
Price Sales (TTM)0.0000
Price Book (MRQ)0.7841
Revenue Enterprise Value 0.0639
EBITDA Enterprise Value1.3804
Shares
Shares Outstanding2,445,680
Shares Float1,730,564
Shares Short0
Shares Short (Prior Month)0
Shares Ratio0.00
Short Outstanding (%)0.00
Short Float (%)0.00
Insider (%)7.29
Institutions (%)40.80


02/13 13:00 EST - businesswire.com
Vimly Benefit Solutions Announces Strategic Investment from Rubicon Technology Partners
SEATTLE & BOULDER, Colo.--(BUSINESS WIRE)--Vimly announces a strategic investment from Rubicon Technology Partners. This allows Vimly to accelerate growth and production innovation.
08/02 08:10 EST - investorplace.com
Why Is Rubicon Technologies (RBT) Stock Up 32% Today?
Rubicon Technologies (NYSE: RBT ) stock is climbing higher on Wednesday despite a lack of news from the waste recycling digital marketplace company. There's been no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why shares of RBT stock are up today.
07/18 10:38 EST - investorplace.com
Palantir Is Giving Rubicon Technologies (RBT) Stock a Huge Boost
Rubicon Technologies (NYSE: RBT ) stock is on the rise Tuesday as investors react to positive news from Palantir (NYSE: PLTR ). The big news here is Palantir increasing its stake in RBT stock.
12/13 16:30 EST - globenewswire.com
Rubicon Technology Announces Voluntary Delisting from Nasdaq
Bensenville, IL , Dec. 13, 2022 (GLOBE NEWSWIRE) -- Rubicon Technology, Inc. (NASDAQ: RBCN) announced that it has notified The Nasdaq Stock Market LLC (“Nasdaq”) of the Company's decision to voluntarily delist its common stock from the Nasdaq Capital Market and its intent to file a Form 25 with the U.S. Securities and Exchange Commission (the “SEC”) on or about December 23, 2022. As a result, the Company expects the delisting of its common stock to become effective on December 30, 2022.
08/12 08:00 EST - globenewswire.com
Rubicon Technology, Inc. Sets Record Date for its $11.00 per share Cash Distribution
BENSENVILLE, IL., Aug. 12, 2022 (GLOBE NEWSWIRE) -- Rubicon Technology, Inc. (Nasdaq: RBCN) (“Rubicon” or the “Company”) announced today that, in connection with the cash tender offer (the “Offer”) by Janel Corporation (“Janel”) for up to 45% of Rubicon's issued and outstanding common stock, par value $.001 per share (“Common Stock”), the Company's Board of Directors has set August 23, 2022 (the “Record Date”) as the record date for its cash distribution of $11.00 per share of Common Stock (the “Distribution”). The Distribution and the Record Date are conditioned upon the consummation of the Offer by August 19, 2022. If such condition has occurred it is anticipated that the Distribution will be paid on or about August 29, 2022 (the “Payment Date”).
07/28 21:24 EST - prnewswire.com
Equity Alert - The M&A Class Action Firm Announces the Investigation of Rubicon Technology, Inc. - RBCN
NEW YORK , July 28, 2022 /PRNewswire/ -- Juan Monteverde , founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Rubicon Technology, Inc. (RBCN), relating to its proposed acquisition by Janel Corp. Under the terms of the tender offer, RBCN shareholders are expected to receive $20.00 in cash per share they own. Click here for more information: https://www.monteverdelaw.com/case/rubicon-technology-inc.
07/08 09:50 EST - businesswire.com
INVESTIGATION NOTICE: The Schall Law Firm Encourages Investors in Rubicon Technology, Inc. with Losses to Contact the Firm
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Rubicon Technology, Inc. (“Rubicon” or “the Company”) (NASDAQ: RBCN) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com. The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
07/07 14:00 EST - newsfilecorp.com
INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in Rubicon Technology, Inc. with Losses to Contact the Firm
Los Angeles, California--(Newsfile Corp. - July 7, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Rubicon Technology, Inc. ("Rubicon" or "the Company") (NASDAQ: RBCN) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. If you are a shareholder who suffered a loss, click here...
07/07 12:35 EST - businesswire.com
INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Rubicon Technology, Inc. with Losses to Contact the Firm
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Rubicon Technology, Inc. (“Rubicon” or “the Company”) (NASDAQ: RBCN) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com. The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
07/05 14:30 EST - stockmarket.com
3 Top Cyclical Stocks To Watch In The Stock Market This Week
Check out these top cyclical stocks in the stock market today.
07/05 08:35 EST - marketwatch.com
Rubicon stock soars toward 6 1/2-year high after Janel to buy large stake at a 120% premium
Shares Rubicon Technology Inc. soared 70.0% toward a 6 1/2-year high in premarket trading Tuesday, after Janel Corp. JANL, +9.59% launched a tender offer to buy a 45% interest in the optical systems company for $20.00 a share. The price of the tender offer represents a 119.8% premium to Friday's closing price of $9.10.
04/27 14:35 EST - accesswire.com
Paragon Technologies Issues Letter to Rubicon Technology Shareholders
EASTON, PA / ACCESSWIRE / April 27, 2022 / To Shareholders of Rubicon Technology: As many of you may know, Paragon Technologies, Inc. (OTC:PGNT), ("Paragon"), has been a shareholder of Rubicon Technology (NASDAQ: RBCN), ("Rubicon") for more than five years. During that time, Paragon sought representation on Rubicon's board based on our view that the company's management and directors have failed to enhance shareholder value or reverse the company's persistent failure to generate positive financial results.
08/24 15:30 EST - seekingalpha.com
I Am Skeptical About Rubicon Technology's Value Proposition
Rubicon Technology is a net-net with a buyback program; what's not to like?
07/28 20:21 EST - businesswire.com
Rubicon Technology Partners Completes Sale of Majority Stake in Uplight at $1.5 Billion Valuation
BOULDER, Colo.--(BUSINESS WIRE)--Rubicon Technology Partners, a private equity firm specializing in enterprise software investments, announced that it has completed the sale of its majority stake in Uplight to a consortium of investors, co-led by Schneider Electric, AES, and a group of investors led by Huck Capital, including Coatue and Inclusive Capital Partners. Uplight is valued at $1.5 billion in the transaction. The deal was first announced in March 2021. Uplight, a certified B Corp, is th
05/24 12:07 EST - gurufocus.com
3 Deep Value Benjamin Graham Style Stocks
Benjamin Graham believed buying stocks at a deep discount to the value of their assets was a great way to achieve reduced risk and profits in the long run.
12/18 08:00 EST - globenewswire.com
RUBICON TECHNOLOGY EXTENDS SECTION 382 RIGHTS AGREEMENT TO PROTECT THE VALUE OF ITS NET OPERATING LOSSES
Bensenville, IL, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Rubicon Technology, Inc. (NASDAQ: RBCN) announced today that it has entered into an amendment to extend its Section 382 Rights Agreement (the “Rights Agreement”). The Rights Agreement was entered into in an effort to preserve stockholder value by protecting against a possible limitation on the Company's ability to use its net operating loss carry-forwards, which for U.S. federal income tax purposes were estimated at approximately $188.1 million as of December 31, 2019.
12/16 08:05 EST - globenewswire.com
Rubicon Technology Announces a $3 Million Stock Repurchase Plan
BENSENVILLE, IL, Dec. 16, 2020 (GLOBE NEWSWIRE) -- Rubicon Technology, Inc. (“RTI”) (NASDAQ: RBCN) had previously implemented a stock repurchase plan to repurchase up to $3 million of its common stock in November 2018.  In July 2020, RTI used up all of the remaining amount of such initial $3 million authorization.  Today, RTI announced that its Board of Directors has authorized another stock repurchase plan to purchase up to an additional $3 million of its common stock from time to time through open market and private transactions.  The timing, price and volume of repurchases will be based upon market conditions, relevant securities laws and other factors. The stock repurchase plan expires on December 18, 2022 and may be terminated, suspended or modified at any time.  There can be no assurance as to the number of shares of common stock repurchased by RTI.
11/27 09:57 EST - insidermonkey.com
Where Do Hedge Funds Stand On Rubicon Technology, Inc. (RBCN)?
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of capital and have to conduct due diligence while choosing their next pick. They don't always get it right, but, on average, their stock picks historically generated strong returns after adjusting for known risk factors. With this in mind, let's take a look at the recent hedge fund activity surrounding Rubicon Technology, Inc. (NASDAQ:RBCN).
12/18 16:49 EST - businesswire.com
Rubicon Technology, Inc. Adopts a Stockholder Rights Plan to Protect the Value of Its Net Operating Losses
BENSENVILLE, Ill.--(BUSINESS WIRE)--Rubicon Technology, Inc. (NASDAQ: RBCN) announced today that its Board of Directors has adopted a stockholder rights plan in the form of a Section 382 Rights Agreement designed to preserve its substantial tax assets. As of December 31, 2016, Rubicon had federal and state net operating loss (“NOLs”) carryforwards of approximately $148 million and $180 million, respectively, which could be used in certain circumstances to offset Rubicon’s future taxable income or otherwise payable taxes and therefore reduce its federal and state income tax liabilities. Rubicon’s plan is similar to plans adopted by numerous other public companies with significant net operating loss carryforwards. Rubicon’s ability to use NOLs would be substantially limited in the event of an “ownership change” under Section 382 of the Internal Revenue Code and related U.S. Treasury regulations. In general, an ownership change would occur if Rubicon’s stockholders who own, or are deemed to own, 5% or more of Rubicon’s common stock increase their collective ownership in Rubicon by more than 50% over a rolling three-year period. The stockholder rights plan is intended to reduce the likelihood of an unintended ownership change occurring through the buying of Rubicon common stock and is not meant to be an anti-takeover measure. As part of the plan, on December 18, 2017, Rubicon’s Board declared a dividend of one preferred-share-purchase-right for each share of Rubicon common stock outstanding as of January 2, 2018. Effective today, if any person or group acquires 4.9% or more of the outstanding shares of Rubicon common stock, or if a person or group that already owns 4.9% or more of Rubicon common stock acquires additional shares representing 0.5% or more of the outstanding shares of Rubicon common stock, then, subject to certain exceptions, there would be a triggering event under the plan. The rights would then separate from the Rubicon common stock and would be adjusted to become exercisable to purchase shares of Rubicon common stock having a market value equal to twice the exercise price, resulting in significant dilution in the ownership interest of the acquiring person or group. Rubicon’s Board has the discretion to exempt any acquisition of Rubicon common stock from the provisions of the plan if it determines that doing so would not jeopardize or endanger Rubicon’s use of its tax assets. Rubicon’s Board also has the ability to terminate the plan prior to a triggering event, including but not limited to in connection with a transaction, if it determines that doing so would be in the best interests of Rubicon’s stockholders. The rights issued under the plan will expire on December 18, 2020. The rights may also expire on an earlier date if certain events occur, as described more fully in the Section 382 Rights Agreement that Rubicon will file with the Securities and Exchange Commission. The issuance of the rights is not a taxable event and will not affect Rubicon’s reported financial conditions or results of operations (including earnings per share). Rubicon’s stockholders do not have to take any action to receive their rights under the plan, and no separate rights certificates will be distributed until after the rights become exercisable. Additional information regarding the rights agreement is included in the Current Report on Form 8-K and the Registration Statement on Form 8-A filed today by the Company with the Securities and Exchange Commission. In addition, Rubicon stockholders of record as of January 2, 2018 will be sent a summary of the rights. Forward-Looking Statements Some statements included in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, therefore, involve uncertainties or risks that could cause actual results to differ materially therefrom. These statements may contain words such as “desires,” “believes,” “anticipates,” “plans,” “expects,” “intends,” “estimates,” “seeks,” “explores” or similar expressions. These statements are not guarantees of Rubicon’s future performance and are subject to risks, uncertainties and other important factors that could cause actual performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Such statements include, but are not limited to, statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts, including but not limited to statements regarding the value, treatment and utilization of Rubicon’s NOLs, Additional information regarding factors that could cause results to differ materially from management's expectations is found in the section entitled "Risk Factors" in the Company's 2016 Annual Report on Form 10-K filed with the SEC on March 16, 2017 and the reports subsequently filed by the Company with the SEC. The Company intends that the forward-looking statements included herein be subject to the above-mentioned statutory safe harbors. Investors are cautioned not to rely on forward-looking statements. The Company disclaims any obligation to update forward-looking statements.
05/04 08:00 EST - businesswire.com
Rubicon Technology Announces Reverse Stock Split
BENSENVILLE, Ill.--(BUSINESS WIRE)--Rubicon Technology, Inc. (Nasdaq: RBCN) announced today that it filed an amendment to the Company’s Certificate of Incorporation to effect a reverse stock split of Rubicon’s outstanding common stock (“Common Stock”). As a result of the reverse stock split, every ten pre-split shares of Common Stock held by stockholders will automatically be converted into one share of Common Stock. The reverse stock split will be effective for trading purposes as of the commencement of trading on Friday, May 5, 2017. The number of shares of the Company’s authorized Common Stock was also reduced from 40,000,000 shares to 8,200,000 shares. The amendments were recommended by Rubicon’s Board of Directors and approved by the Company’s stockholders at the annual meeting of stockholders held on May 3, 2017. Immediately following the reverse stock split, Rubicon’s Common Stock will continue to trade on The NASDAQ Capital Market under the symbol "RBCN" and under a new CUSIP number 78112T206. Rubicon’s transfer agent, American Stock Transfer LLC, which is also acting as the exchange agent for the reverse stock split, will provide instructions to stockholders regarding the process for exchanging stock certificates. Stockholders will receive cash in lieu of any fractional shares resulting from the reverse stock split in a proportionate amount equal to approximately $.78 per pre-split share. The price per share is based on the average closing price of the Common Stock for the 30 trading days immediately preceding the effective date of the reverse stock split. The reverse stock split is intended to increase the per share trading price of Rubicon’s Common Stock to satisfy the $1.00 minimum bid price requirement for continued listing on The NASDAQ Capital Market. As previously disclosed, on April 19, 2017, Rubicon received a staff determination letter from the Listing Qualifications Department of NASDAQ informing Rubicon that it failed to regain compliance with this minimum bid price requirement. On April 26, 2017, the Company requested a hearing before a NASDAQ listing qualifications panel regarding its listing, which is expected to be scheduled by NASDAQ within 45 calendar days from the date of the request. Based on the Company’s discussions with the NASDAQ staff, Rubicon’s Board of Directors currently believes that effecting the reverse stock split and demonstrating compliance with the minimum bid price requirement during the appeal process would assist the Company in maintaining its listing on NASDAQ. However, Rubicon can provide no assurance that its appeal will be successful even if it regains compliance with the minimum bid price requirement during the appeal process, or that as a result of the hearing, the hearing panel will grant the Company's request for continued listing. Additional information about Rubicon’s NASDAQ listing, the reverse stock split, the reduction in authorized shares and the annual meeting is included in Rubicon’s definitive proxy statement filed on April 11, 2017 and its Current Reports on Form 8-K filed on April 24, 2017 and May 4, 2017. About Rubicon Technology, Inc. Rubicon Technology, Inc. is an advanced materials provider specializing in monocrystalline sapphire products for optical systems and specialty electronic devices. Rubicon has a proprietary technology platform and expertise extending from the preparation of raw aluminum oxide through sapphire crystal growth and fabrication, enabling Rubicon to supply custom sapphire products with superior quality and precision. Rubicon is ISO 9001 certified and ITAR registered. Rubicon is also exploring various alternatives to enhance stockholder value, including potentially through acquiring an existing business, establishing a new venture, or other investment opportunities in order to utilize Rubicon’s substantial net operating losses. Forward-Looking Statements Some statements included in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, therefore, involve uncertainties or risks that could cause actual results to differ materially therefrom. These statements may contain words such as "desires," "believes," "anticipates," "plans," "expects," "intends," "estimates," “seeks,” “explores” or similar expressions. These statements are not guarantees of the Company's future performance and are subject to risks, uncertainties and other important factors that could cause actual performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Such statements include, but are not limited to, the effect of the reverse stock split on the trading price of the Company’s Common Stock, the continued listing of the Company’s Common Stock on The NASDAQ Capital Market, the pursuit or completion of any acquisition, sale, venture transaction or investment opportunity, or the Company’s ability to maximize the value of its sapphire business, real estate or excess assets, utilize its net operating losses or to enhance stockholder value. Additional information regarding factors that could cause results to differ materially from management's expectations is found in the section entitled "Risk Factors" in the Company's 2016 Annual Report on Form 10-K filed with the SEC on March 16, 2017. The Company intends that the forward-looking statements included herein be subject to the above-mentioned statutory safe harbors. Investors are cautioned not to rely on forward-looking statements. The Company disclaims any obligation to update forward-looking statements.