Recon Technology (NASDAQ:RCON) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Recon Technology (NASDAQ:RCON) in a research report issued on Sunday. The brokerage set a “sell” rating on the oil and gas company’s stock.

Recon Technology Stock Performance

Recon Technology stock opened at $1.93 on Friday. The company has a current ratio of 10.67, a quick ratio of 10.64 and a debt-to-equity ratio of 0.02. Recon Technology has a 12-month low of $1.26 and a 12-month high of $3.70. The business’s 50-day moving average price is $1.86 and its two-hundred day moving average price is $2.30.

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.