Recon Technology (NASDAQ:RCON) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Recon Technology, Ltd. (NASDAQ:RCON) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.01 and traded as high as $2.08. Recon Technology shares last traded at $2.12, with a volume of 6,277 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on Recon Technology in a report on Friday, May 16th. They set a “sell” rating on the stock.

Recon Technology Trading Up 3.7%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 10.64 and a current ratio of 10.67. The firm has a 50-day moving average price of $1.92 and a two-hundred day moving average price of $2.01.

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.