Recon Technology (NASDAQ:RCON) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Recon Technology (NASDAQ:RCON) in a research note issued on Tuesday. The brokerage set a “sell” rating on the oil and gas company’s stock.

Recon Technology Trading Up 4.2 %

Shares of RCON opened at $1.51 on Tuesday. Recon Technology has a 1 year low of $1.26 and a 1 year high of $3.70. The stock has a 50 day simple moving average of $1.76 and a two-hundred day simple moving average of $2.20. 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.