Equities research analysts at StockNews.com assumed coverage on shares of Recon Technology (NASDAQ:RCON – Get 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:RCON – Free 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
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.
Recommended Stories
- Five stocks we like better than Recon Technology
- Why Invest in 5G? How to Invest in 5G Stocks
- Finding Hidden Gems: Unconventional Penny Stock Investing
- The 3 Best Blue-Chip Stocks to Buy Now
- Price Targets on NVIDIA Rise in Front of Earnings
- 3 Monster Growth Stocks to Buy Now
- Archer Aviation Stock Skids: Mistaking Progress for Bad News?
Receive News & Ratings for Recon Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Recon Technology and related companies with MarketBeat.com's FREE daily email newsletter.