Recon Technology (NASDAQ:RCON) Stock Crosses Above 200-Day Moving Average of $0.76

Shares of Recon Technology, Ltd. (NASDAQ:RCONGet Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.76 and traded as high as $1.05. Recon Technology shares last traded at $1.02, with a volume of 262,415 shares trading hands.

Analyst Ratings Changes

Separately, began coverage on shares of Recon Technology in a research note on Friday. They set a “hold” rating for the company.

Recon Technology Stock Down 1.0 %

The business’s 50 day moving average is $0.79 and its two-hundred day moving average is $0.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.35 and a current ratio of 8.43.

Institutional Investors Weigh In On Recon Technology

A hedge fund recently raised its stake in Recon Technology stock. Renaissance Technologies LLC grew its holdings in shares of Recon Technology, Ltd. (NASDAQ:RCONGet Rating) by 10.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 689,954 shares of the oil and gas company’s stock after buying an additional 66,454 shares during the quarter. Renaissance Technologies LLC owned 2.32% of Recon Technology worth $745,000 at the end of the most recent reporting period. 21.76% of the stock is owned by institutional investors and hedge funds.

About Recon Technology

(Get Rating)

Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People's Republic of China. The company offers equipment, tools, and other components and parts related to oilfield production and other energy industries; and develops and sells industrial automation control and information solutions.

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