Recon Technology (NASDAQ:RCON) Now Covered by StockNews.com

StockNews.com started coverage on shares of Recon Technology (NASDAQ:RCON) in a report published on Saturday. The brokerage issued a sell rating on the oil and gas company’s stock.

Recon Technology Stock Up 0.9 %

Recon Technology stock opened at $2.18 on Friday. The business’s 50-day simple moving average is $2.25 and its 200-day simple moving average is $2.45. Recon Technology has a 52 week low of $1.26 and a 52 week high of $3.70. The company has a current ratio of 10.67, a quick ratio of 10.64 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On Recon Technology

An institutional investor recently bought a new position in Recon Technology stock. Belvedere Trading LLC purchased a new position in shares of Recon Technology, Ltd. (NASDAQ:RCON) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,807 shares of the oil and gas company’s stock, valued at approximately $48,000. Belvedere Trading LLC owned about 0.21% of Recon Technology at the end of the most recent quarter. 9.47% of the stock is currently owned by institutional investors.

Recon Technology Company Profile

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.