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

Research analysts at StockNews.com initiated coverage on shares of Recon Technology (NASDAQ:RCON) in a research note issued to investors on Wednesday. The firm set a “sell” rating on the oil and gas company’s stock.

Recon Technology Stock Up 0.7 %

RCON opened at $1.95 on Wednesday. Recon Technology has a fifty-two week low of $1.32 and a fifty-two week high of $3.70. The company has a quick ratio of 10.64, a current ratio of 10.67 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average of $1.71 and a 200 day moving average of $2.15.

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 components and parts related to oilfield production and other energy industries; and develops and sells industrial automation control and information solutions.