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

StockNews.com initiated coverage on shares of Recon Technology (NASDAQ:RCON) in a research report released on Monday morning. The firm issued a sell rating on the oil and gas company’s stock.

Recon Technology Price Performance

Shares of RCON stock opened at $1.62 on Monday. The firm has a fifty day simple moving average of $1.81 and a 200-day simple moving average of $2.25. Recon Technology has a twelve month low of $1.26 and a twelve month high of $3.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 10.64 and a current ratio of 10.67.

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.