StockNews.com Initiates Coverage on Recon Technology (NASDAQ:RCON)

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

Recon Technology Trading Up 3.5 %

RCON opened at $1.93 on Friday. The business’s 50-day simple moving average is $1.86 and its 200 day simple moving average is $2.30. Recon Technology has a 52-week low of $1.26 and a 52-week high of $3.70. The company has a current ratio of 10.67, a quick ratio of 10.64 and a debt-to-equity ratio of 0.02.

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.