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

Equities researchers at StockNews.com began coverage on shares of Recon Technology (NASDAQ:RCON) in a research note issued to investors on Monday. The brokerage set a “sell” rating on the oil and gas company’s stock.

Recon Technology Stock Up 2.1 %

NASDAQ RCON opened at $1.65 on Monday. 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 company’s 50-day moving average price is $1.80 and its 200-day moving average price is $2.25. Recon Technology has a 12 month low of $1.26 and a 12 month high of $3.70.

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.