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

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

Recon Technology Stock Down 5.8 %

Shares of NASDAQ:RCON opened at $2.11 on Friday. The business’s 50 day moving average is $1.55 and its 200 day moving average is $2.09. 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.