Recon Technology, Ltd. (NASDAQ:RCON – Free Report) shares are going to reverse split on the morning of Wednesday, May 1st. The 1-18 reverse split was announced on Thursday, April 25th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, April 30th.
Recon Technology Stock Up 11.0 %
Shares of NASDAQ RCON opened at $0.09 on Friday. The firm’s 50-day moving average is $0.14 and its two-hundred day moving average is $0.21. Recon Technology has a 12-month low of $0.07 and a 12-month high of $0.43.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on Recon Technology in a report on Friday, April 19th. They set a “sell” rating on the stock.
Recon Technology Company Profile
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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