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

Investment analysts at StockNews.com initiated coverage on shares of Recon Technology (NASDAQ:RCONGet Free Report) in a report issued 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 $2.09 on Tuesday. Recon Technology has a 12 month low of $1.26 and a 12 month high of $4.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 10.64 and a current ratio of 10.67. The business has a 50 day simple moving average of $2.33 and a 200-day simple moving average of $2.32.

Institutional Trading of Recon Technology

An institutional investor recently bought a new position in Recon Technology stock. Belvedere Trading LLC purchased a new stake in Recon Technology, Ltd. (NASDAQ:RCONFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,807 shares of the oil and gas company’s stock, valued at approximately $48,000. Belvedere Trading LLC owned about 0.21% of Recon Technology as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 9.47% of the company’s stock.

About Recon Technology

(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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