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

Research analysts at StockNews.com assumed coverage on shares of Recon Technology (NASDAQ:RCON) in a report issued on Wednesday. The firm set a “sell” rating on the oil and gas company’s stock.

Recon Technology Price Performance

NASDAQ RCON opened at $1.79 on Wednesday. Recon Technology has a 12 month low of $1.26 and a 12 month high of $3.70. The stock’s fifty day moving average price is $2.17 and its 200-day moving average price is $2.48. The company has a debt-to-equity ratio of 0.02, a current ratio of 10.67 and a quick ratio of 10.64.

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.