Recon Technology (NASDAQ:RCON) Now Covered by StockNews.com

Analysts at StockNews.com began coverage on shares of Recon Technology (NASDAQ:RCON) in a research report issued to clients and investors on Friday. The brokerage set a “sell” rating on the oil and gas company’s stock.

Recon Technology Stock Down 2.0 %

RCON opened at $2.40 on Friday. 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 fifty day simple moving average of $2.23 and a 200 day simple moving average of $2.41. Recon Technology has a 1 year low of $1.26 and a 1 year high of $4.06.

Institutional Investors Weigh In On Recon Technology

A hedge fund recently bought a new stake in Recon Technology stock. Belvedere Trading LLC acquired a new position in shares of Recon Technology, Ltd. (NASDAQ:RCON) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,807 shares of the oil and gas company’s stock, valued at approximately $48,000. Belvedere Trading LLC owned 0.21% of Recon Technology as of its most recent SEC filing. 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.