Recon Technology (NASDAQ:RCON) Now Covered by StockNews.com

Analysts at StockNews.com began coverage on shares of Recon Technology (NASDAQ:RCONGet Free Report) in a report issued on Wednesday. The brokerage set a “sell” rating on the oil and gas company’s stock.

Recon Technology Stock Performance

RCON opened at $0.14 on Wednesday. The stock’s 50 day simple moving average is $0.16 and its 200 day simple moving average is $0.23. Recon Technology has a 1 year low of $0.13 and a 1 year high of $0.47.

Hedge Funds Weigh In On Recon Technology

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC grew its position in Recon Technology by 161.8% during the 1st quarter. Jane Street Group LLC now owns 43,931 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 27,151 shares during the last quarter. Renaissance Technologies LLC grew its position in Recon Technology by 10.7% during the 1st quarter. Renaissance Technologies LLC now owns 689,954 shares of the oil and gas company’s stock worth $745,000 after acquiring an additional 66,454 shares during the last quarter. Finally, Sabby Management LLC bought a new position in Recon Technology during the 1st quarter worth approximately $1,353,000. 9.47% of the stock is currently owned by institutional investors.

About Recon Technology

(Get Free Report)

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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