Recon Technology (NASDAQ:RCON) Now Covered by StockNews.com

StockNews.com started coverage on shares of Recon Technology (NASDAQ:RCON) in a research report released on Friday. The firm issued a sell rating on the oil and gas company’s stock.

Recon Technology Trading Up 5.8 %

Shares of NASDAQ:RCON opened at $2.44 on Friday. The company has a 50-day moving average price of $2.78 and a 200 day moving average price of $2.21. The company has a quick ratio of 10.64, a current ratio of 10.67 and a debt-to-equity ratio of 0.02. Recon Technology has a 12 month low of $1.26 and a 12 month high of $5.49.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Recon Technology stock. Belvedere Trading LLC acquired a new position in Recon Technology, Ltd. (NASDAQ:RCON) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period. Institutional investors own 9.47% of the company’s stock.

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.