Recon Technology (NASDAQ:RCON) Earns Sell Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated 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 Price Performance

Shares of NASDAQ:RCON opened at $1.59 on Friday. 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 $1.93 and a two-hundred day moving average of $2.35.

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.