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

StockNews.com initiated coverage on shares of Recon Technology (NASDAQ:RCON) in a research note issued on Saturday. The brokerage set a “sell” rating on the oil and gas company’s stock.

Recon Technology Trading Up 2.3 %

RCON stock opened at $1.59 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. Recon Technology has a 1 year low of $1.26 and a 1 year high of $3.70. The stock has a 50-day simple moving average of $1.93 and a 200-day simple moving average of $2.35.

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.