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

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

Recon Technology Trading Down 3.1 %

Shares of RCON opened at $3.36 on Friday. Recon Technology has a 1-year low of $1.26 and a 1-year high of $5.49. The company has a 50-day moving average of $2.85 and a 200 day moving average of $2.09.

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.