Recon Technology (NASDAQ:RCON) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Recon Technology, Ltd. (NASDAQ:RCON)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.05 and traded as low as $1.26. Recon Technology shares last traded at $1.3150, with a volume of 3,170 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Recon Technology in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Recon Technology has a consensus rating of “Sell”.

Recon Technology Stock Performance

The company’s 50 day moving average price is $1.44 and its two-hundred day moving average price is $2.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.86 and a current ratio of 5.88.

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

About Recon Technology

Recon Technology Ltd, through its subsidiaries, specializes in the design, development, manufacturing and sale of nondestructive testing (NDT) equipment and wireless communication products. The company’s NDT portfolio comprises ultrasonic flaw detectors, thickness gauges, phased array systems, eddy current instruments and digital radiography imaging equipment. These solutions enable precision inspection of welds, pipelines, pressure vessels and structural components across a range of industries.

In addition to hardware, Recon Technology provides software for data acquisition, image processing and reporting, as well as calibration, training and technical support services.