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

Recon Technology, Ltd. (NASDAQ:RCON) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.96 and traded as low as $1.50. Recon Technology shares last traded at $1.54, with a volume of 5,029 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Recon Technology in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Recon Technology has a consensus rating of “Sell”.

Recon Technology Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.86 and a current ratio of 5.88. The stock has a 50-day moving average price of $1.38 and a 200 day moving average price of $1.96.

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