StockNews.com assumed coverage on shares of Recon Technology (NASDAQ:RCON – Free Report) in a research report report published on Wednesday morning. The firm issued a sell rating on the oil and gas company’s stock.
Recon Technology Stock Performance
Shares of RCON opened at $2.27 on Wednesday. The company has a current ratio of 10.67, a quick ratio of 10.64 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average price of $2.27 and a 200-day moving average price of $2.36. Recon Technology has a 12-month low of $1.26 and a 12-month high of $4.32.
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 position in Recon Technology, Ltd. (NASDAQ:RCON – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. 9.47% of the stock is currently owned by institutional investors and hedge funds.
About Recon Technology
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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