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

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

Recon Technology Trading Up 12.2 %

RCON stock opened at $0.11 on Friday. Recon Technology has a fifty-two week low of $0.09 and a fifty-two week high of $0.45. The business’s 50 day moving average price is $0.15 and its two-hundred day moving average price is $0.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RCON. Jane Street Group LLC grew its holdings in shares of Recon Technology by 161.8% during the 1st quarter. Jane Street Group LLC now owns 43,931 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 27,151 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Recon Technology by 846.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,492,201 shares of the oil and gas company’s stock worth $511,000 after acquiring an additional 1,334,601 shares during the period. Finally, Sabby Management LLC purchased a new position in shares of Recon Technology during the 1st quarter worth approximately $1,353,000. Hedge funds and other 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.