Recon Technology (NASDAQ:RCON) Now Covered by Analysts at StockNews.com

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

Recon Technology Stock Performance

Shares of NASDAQ:RCON opened at $2.05 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 business’s fifty day moving average price is $2.63 and its two-hundred day moving average price is $2.26. Recon Technology has a one year low of $1.26 and a one year high of $5.34.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Recon Technology stock. Belvedere Trading LLC bought a new stake in Recon Technology, Ltd. (NASDAQ:RCON) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 16,807 shares of the oil and gas company’s stock, valued at approximately $48,000. Belvedere Trading LLC owned about 0.21% of Recon Technology at the end of the most recent quarter. Institutional investors and hedge funds own 9.47% of the company’s stock.

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.