Recon Technology (NASDAQ:RCON) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Recon Technology (NASDAQ:RCON) in a research note issued to investors on Friday. The firm set a “sell” rating on the oil and gas company’s stock.

Recon Technology Stock Up 4.7 %

Shares of RCON opened at $1.68 on Friday. The company’s 50-day moving average price is $2.02 and its 200 day moving average price is $2.40. 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.

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.