Recon Technology (NASDAQ:RCON) Earns Sell Rating from Analysts at StockNews.com

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

Recon Technology Price Performance

Shares of NASDAQ RCON opened at $1.39 on Friday. Recon Technology has a fifty-two week low of $1.26 and a fifty-two week high of $7.38. The business has a 50-day simple moving average of $1.60 and a two-hundred day simple moving average of $2.80.

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.