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

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

Recon Technology Stock Performance

Shares of RCON opened at $2.12 on Monday. Recon Technology has a twelve month low of $1.26 and a twelve month high of $4.58. 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 firm has a fifty day simple moving average of $2.48 and a two-hundred day simple moving average of $2.29.

Institutional Investors Weigh In On Recon Technology

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

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.