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

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

Recon Technology Price Performance

RCON opened at $1.66 on Friday. 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 firm has a fifty day moving average price of $2.00 and a 200 day moving average price of $2.39. Recon Technology has a 1 year low of $1.26 and a 1 year high of $3.70.

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.