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

Analysts at StockNews.com assumed coverage on shares of Recon Technology (NASDAQ:RCON) in a report issued on Sunday. The firm set a “sell” rating on the oil and gas company’s stock.

Recon Technology Price Performance

RCON opened at $2.05 on Friday. Recon Technology has a 1-year low of $1.26 and a 1-year high of $5.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 10.64 and a current ratio of 10.67. The company’s 50 day moving average is $2.63 and its 200-day moving average is $2.25.

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 Recon Technology, Ltd. (NASDAQ:RCON) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,807 shares of the oil and gas company’s stock, valued at approximately $48,000. Belvedere Trading LLC owned about 0.21% of Recon Technology as of its most recent filing with the Securities and Exchange Commission. 9.47% of the stock is owned by hedge funds and other institutional investors.

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.