Recon Technology (NASDAQ:RCON) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Recon Technology, Ltd. (NASDAQ:RCON)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.74 and traded as low as $1.21. Recon Technology shares last traded at $1.2550, with a volume of 4,944 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Recon Technology in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Recon Technology Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.86 and a current ratio of 5.88. The firm’s 50-day simple moving average is $1.40 and its 200 day simple moving average is $1.73.

Recon Technology (NASDAQ:RCON) last released its quarterly earnings data on Saturday, September 27th. The oil and gas company reported ($1.19) EPS for the quarter. The company had revenue of $1.74 million for the quarter.

Recon Technology Company Profile

Recon Technology Ltd, through its subsidiaries, specializes in the design, development, manufacturing and sale of nondestructive testing (NDT) equipment and wireless communication products. The company’s NDT portfolio comprises ultrasonic flaw detectors, thickness gauges, phased array systems, eddy current instruments and digital radiography imaging equipment. These solutions enable precision inspection of welds, pipelines, pressure vessels and structural components across a range of industries.

In addition to hardware, Recon Technology provides software for data acquisition, image processing and reporting, as well as calibration, training and technical support services.