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

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

Recon Technology Stock Performance

NASDAQ:RCON opened at $2.23 on Thursday. 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 fifty-two week low of $1.26 and a fifty-two week high of $5.49. The stock’s 50-day moving average is $2.85 and its two-hundred day moving average is $2.19.

Hedge Funds Weigh In On Recon Technology

An institutional investor recently bought a new position in Recon Technology stock. Belvedere Trading LLC bought a new stake in shares of Recon Technology, Ltd. (NASDAQ:RCON) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 16,807 shares of the oil and gas company’s stock, valued at approximately $48,000. Belvedere Trading LLC owned approximately 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.