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

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

Recon Technology Stock Performance

RCON opened at $2.09 on Monday. Recon Technology has a 12 month low of $1.26 and a 12 month high of $3.70. 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 business has a 50-day moving average of $2.21 and a two-hundred day moving average of $2.48.

Institutional Trading of Recon Technology

A hedge fund recently bought a new stake in Recon Technology stock. Belvedere Trading LLC purchased a new stake in shares of Recon Technology, Ltd. (NASDAQ:RCON) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 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. Institutional investors own 9.47% of the company’s stock.

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.