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

Equities research analysts at StockNews.com assumed coverage on shares of Recon Technology (NASDAQ:RCONGet Free Report) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the oil and gas company’s stock.

Recon Technology Price Performance

Recon Technology stock opened at $2.04 on Tuesday. 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 has a 1 year low of $1.26 and a 1 year high of $3.70. The company’s 50-day moving average is $2.19 and its two-hundred day moving average is $2.50.

Institutional Trading of Recon Technology

An institutional investor recently bought a new position in Recon Technology stock. Belvedere Trading LLC acquired a new position in shares of Recon Technology, Ltd. (NASDAQ:RCONFree Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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 as of its most recent SEC filing. 9.47% of the stock is owned by institutional investors and hedge funds.

Recon Technology Company Profile

(Get Free Report)

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.

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