Recon Technology (NASDAQ:RCON) Announces Quarterly Earnings Results

Recon Technology (NASDAQ:RCON) announced its earnings results on Wednesday. The oil and gas company reported ($10.90) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $2.01 million for the quarter.

Recon Technology Stock Up 4.9%

Recon Technology stock traded up $0.06 during mid-day trading on Wednesday, hitting $1.29. The company’s stock had a trading volume of 206,594 shares, compared to its average volume of 220,979. The business has a 50 day moving average price of $19.20 and a 200-day moving average price of $97.65. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.23 and a current ratio of 4.24. Recon Technology has a 12 month low of $1.20 and a 12 month high of $414.58.

Analysts Set New Price Targets

RCON has been the topic of several research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Recon Technology in a research report on Friday, September 4th. Wall Street Zen raised Recon Technology to a “hold” rating in a research note on Saturday, September 5th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

About Recon Technology

Recon Technology, Ltd. is a China-based provider of equipment, technologies and services for the oil and gas industry. The company focuses on automation and production-enhancement solutions used in oilfield operations, including systems designed to improve the efficiency, monitoring and control of petroleum extraction and processing activities.

Its business has included the design, integration and implementation of industrial automation systems, as well as the supply of related equipment and technical services.