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

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

Recon Technology Stock Down 1.1 %

Shares of Recon Technology stock opened at $2.18 on Friday. The company has a 50-day simple moving average of $2.25 and a two-hundred day simple moving average of $2.43. Recon Technology has a 52-week low of $1.26 and a 52-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.

Institutional Trading of Recon Technology

An institutional investor recently bought a new position in Recon Technology stock. Belvedere Trading LLC bought a new position in shares of Recon Technology, Ltd. (NASDAQ:RCON) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 at the end of the most recent quarter. 9.47% of the stock is 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.