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

StockNews.com initiated coverage on shares of Recon Technology (NASDAQ:RCON) in a research note issued to investors on Tuesday morning. The firm issued a sell rating on the oil and gas company’s stock.

Recon Technology Stock Down 3.5 %

Shares of RCON stock opened at $2.55 on Tuesday. 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 firm’s 50 day moving average is $2.95 and its 200 day moving average is $2.13. Recon Technology has a 12 month low of $1.26 and a 12 month high of $5.49.

Institutional Trading of Recon Technology

A hedge fund recently bought a new stake in Recon Technology stock. Belvedere Trading LLC purchased a new stake in shares of Recon Technology, Ltd. (NASDAQ:RCON) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,807 shares of the oil and gas company’s stock, valued at approximately $48,000. Belvedere Trading LLC owned approximately 0.21% of Recon Technology at the end of the most recent quarter. 9.47% of the stock is currently owned by institutional investors.

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.