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

Research analysts at StockNews.com started coverage on shares of Recon Technology (NASDAQ:RCON) in a research note issued on Sunday. The brokerage set a “sell” rating on the oil and gas company’s stock.

Recon Technology Price Performance

Shares of NASDAQ:RCON opened at $3.36 on Friday. The firm has a 50 day moving average of $2.85 and a 200 day moving average of $2.09. Recon Technology has a 52 week low of $1.26 and a 52 week high of $5.49.

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.