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

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

Recon Technology Trading Down 0.5 %

Recon Technology stock opened at $2.13 on Monday. Recon Technology has a 1-year low of $1.26 and a 1-year high of $4.64. The business has a fifty day moving average price of $2.53 and a 200-day moving average price of $2.28. The company has a debt-to-equity ratio of 0.02, a current ratio of 10.67 and a quick ratio of 10.64.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Recon Technology stock. Belvedere Trading LLC acquired a new position in Recon Technology, Ltd. (NASDAQ:RCON) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,807 shares of the oil and gas company’s stock, valued at approximately $48,000. Belvedere Trading LLC owned approximately 0.21% of Recon Technology at the end of the most recent quarter. 9.47% of the stock is owned by hedge funds and other institutional investors.

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.