Recon Technology (RCON) Projected to Post Quarterly Earnings on Thursday

Recon Technology (NASDAQ:RCON) is expected to be announcing its resultson Thursday, March 19th. Analysts expect the company to announce earnings of ($0.51) per share and revenue of $4.70 million for the quarter.

Recon Technology Stock Performance

Recon Technology stock opened at $1.29 on Thursday. Recon Technology has a 12 month low of $1.13 and a 12 month high of $7.16. The stock’s 50 day simple moving average is $1.38 and its two-hundred day simple moving average is $1.58. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.86 and a current ratio of 5.88.

Wall Street Analyst Weigh In

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

Recon Technology Company Profile

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.