StockNews.com Begins Coverage on Recon Technology (NASDAQ:RCON)

StockNews.com started coverage on shares of Recon Technology (NASDAQ:RCON) in a research report released on Thursday morning. The brokerage issued a sell rating on the oil and gas company’s stock.

Recon Technology Stock Down 0.7 %

NASDAQ RCON opened at $2.95 on Thursday. The firm’s fifty day moving average price is $2.40 and its 200 day moving average price is $2.01. Recon Technology has a 12 month low of $1.26 and a 12 month high of $7.02.

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.