StockNews.com Initiates Coverage on Recon Technology (NASDAQ:RCON)

StockNews.com started coverage on shares of Recon Technology (NASDAQ:RCON) in a research report released on Thursday. The brokerage issued a sell rating on the oil and gas company’s stock.

Recon Technology Stock Performance

Recon Technology stock opened at $1.78 on Thursday. The business has a 50 day moving average price of $1.69 and a two-hundred day moving average price of $2.06. The company has a quick ratio of 10.64, a current ratio of 10.67 and a debt-to-equity ratio of 0.02. Recon Technology has a 12 month low of $1.32 and a 12 month high of $3.70.

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.