Recon Technology (NASDAQ:RCON) Sees Large Volume Increase – Still a Buy?

Shares of Recon Technology, Ltd. (NASDAQ:RCON) saw an uptick in trading volume on Tuesday . 226,474 shares changed hands during trading, an increase of 574% from the previous session’s volume of 33,607 shares.The stock last traded at $6.0180 and had previously closed at $4.48.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Recon Technology in a research note on Tuesday, June 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Recon Technology Stock Performance

The business’s fifty day simple moving average is $0.37 and its 200-day simple moving average is $0.77. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.24 and a quick ratio of 4.23.

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.