Recon Technology (NASDAQ:RCON) Stock Passes Above 50-Day Moving Average of $1.49

Shares of Recon Technology, Ltd. (NASDAQ:RCON) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.49 and traded as high as $2.53. Recon Technology shares last traded at $2.44, with a volume of 19,254 shares.

Several equities research analysts have issued reports on RCON shares. Maxim Group reaffirmed a “hold” rating on shares of Recon Technology in a research note on Friday, January 3rd. ValuEngine raised Recon Technology from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd.

The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.29 and a current ratio of 2.32. The company has a 50 day simple moving average of $1.66 and a 200-day simple moving average of $0.95.

About Recon Technology (NASDAQ:RCON)

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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