Recon Technology (NASDAQ:RCON) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Recon Technology (NASDAQ:RCON) in a research note issued on Saturday. The brokerage set a “sell” rating on the oil and gas company’s stock.

Recon Technology Trading Down 1.3 %

Shares of Recon Technology stock opened at $2.25 on Friday. The business’s fifty day simple moving average is $2.73 and its 200-day simple moving average is $2.23. 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 52 week low of $1.26 and a 52 week high of $5.49.

Institutional Investors Weigh In On Recon Technology

A hedge fund recently bought a new stake in Recon Technology stock. Belvedere Trading LLC acquired a new position in shares of Recon Technology, Ltd. (NASDAQ:RCON) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 16,807 shares of the oil and gas company’s stock, valued at approximately $48,000. Belvedere Trading LLC owned 0.21% of Recon Technology as of its most recent filing with the SEC. 9.47% of the stock is currently owned by hedge funds and other institutional investors.

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.