Zacks: Recon Technology, Ltd. (NASDAQ:RCON) Receives Average Rating of “Strong Buy” from Brokerages

Shares of Recon Technology, Ltd. (NASDAQ:RCON) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a 1 year consensus target price of $2.00 for the company, according to Zacks. Zacks has also given Recon Technology an industry rank of 224 out of 256 based on the ratings given to related companies.

Several research firms recently commented on RCON. ValuEngine downgraded shares of Recon Technology from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 8th. Maxim Group reaffirmed a “buy” rating on shares of Recon Technology in a research note on Friday, May 24th.

Shares of NASDAQ:RCON traded down $0.02 during midday trading on Wednesday, reaching $0.64. The company’s stock had a trading volume of 36,400 shares, compared to its average volume of 78,844. Recon Technology has a twelve month low of $0.63 and a twelve month high of $1.56. The firm has a fifty day moving average price of $0.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.46 and a quick ratio of 2.45.

Recon Technology Company Profile

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 hardware related to oilfield production and management, and transportation; and develops and sells industrial automation control and information solutions.

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