Recon Technology (NASDAQ:RCON) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Recon Technology, Ltd. (NASDAQ:RCON) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.09 and traded as low as $1.32. Recon Technology shares last traded at $1.40, with a volume of 4,110 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Recon Technology in a research report on Monday, December 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Recon Technology Trading Up 2.9%

The company has a debt-to-equity ratio of 0.02, a current ratio of 5.88 and a quick ratio of 5.86. The stock has a fifty day moving average price of $1.52 and a 200-day moving average price of $2.09.

Recon Technology (NASDAQ:RCON) last posted its earnings results on Saturday, September 27th. The oil and gas company reported ($1.19) earnings per share (EPS) for the quarter. The business had revenue of $1.74 million during the quarter.

About Recon Technology

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.