Recon Technology (NASDAQ:RCON) Earns Sell Rating from Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Recon Technology (NASDAQ:RCON) in a report issued on Monday. The firm set a “sell” rating on the oil and gas company’s stock.

Recon Technology Stock Down 1.7 %

Shares of RCON stock opened at $1.67 on Monday. The company has a 50-day simple moving average of $1.82 and a two-hundred day simple moving average of $2.26. Recon Technology has a 52-week low of $1.26 and a 52-week high of $3.70. The company has a quick ratio of 10.64, a current ratio of 10.67 and a debt-to-equity ratio of 0.02.

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.