Recon Technology (NASDAQ:RCON) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Recon Technology, Ltd. (NASDAQ:RCONGet Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.95 and traded as low as $0.3905. Recon Technology shares last traded at $0.4180, with a volume of 17,915,921 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Recon Technology in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Recon Technology currently has a consensus rating of “Sell”.

View Our Latest Analysis on Recon Technology

Recon Technology Stock Performance

The company has a current ratio of 4.24, a quick ratio of 4.23 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $0.52 and a 200 day simple moving average of $0.94.

Recon Technology Company Profile

(Get Free Report)

Recon Technology Ltd, through its subsidiaries, specializes in the design, development, manufacturing and sale of nondestructive testing (NDT) equipment and wireless communication products. The company’s NDT portfolio comprises ultrasonic flaw detectors, thickness gauges, phased array systems, eddy current instruments and digital radiography imaging equipment. These solutions enable precision inspection of welds, pipelines, pressure vessels and structural components across a range of industries.

In addition to hardware, Recon Technology provides software for data acquisition, image processing and reporting, as well as calibration, training and technical support services.

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