Analysts at StockNews.com began coverage on shares of Recon Technology (NASDAQ:RCON – Get Free Report) in a report issued on Saturday. The brokerage set a “sell” rating on the oil and gas company’s stock.
Recon Technology Stock Performance
Shares of RCON stock opened at $0.09 on Friday. The firm has a fifty day simple moving average of $0.14 and a two-hundred day simple moving average of $0.21. Recon Technology has a 12 month low of $0.07 and a 12 month high of $0.43.
Recon Technology shares are scheduled to reverse split on 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 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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