Recon Technology (NASDAQ:RCON) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Recon Technology (NASDAQ:RCON) in a report issued on Friday. The firm issued a sell rating on the oil and gas company’s stock.

Recon Technology Stock Down 2.9 %

Shares of NASDAQ:RCON opened at $2.38 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 10.67 and a quick ratio of 10.64. The company’s 50-day moving average is $2.24 and its 200 day moving average is $2.42. Recon Technology has a fifty-two week low of $1.26 and a fifty-two week high of $4.06.

Institutional Trading of Recon Technology

An institutional investor recently bought a new position in Recon Technology stock. Belvedere Trading LLC bought a new stake in shares of Recon Technology, Ltd. (NASDAQ:RCON) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 9.47% of the company’s stock.

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.