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

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

Recon Technology Stock Up 2.3 %

RCON opened at $1.59 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 10.64 and a current ratio of 10.67. The business has a 50 day moving average price of $1.93 and a 200 day moving average price of $2.35. Recon Technology has a twelve month low of $1.26 and a twelve month high of $3.70.

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.