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

StockNews.com began coverage on shares of Recon Technology (NASDAQ:RCON) in a research report issued on Wednesday. The firm set a “sell” rating on the oil and gas company’s stock.

Recon Technology Stock Up 6.6 %

Shares of RCON stock opened at $3.06 on Wednesday. Recon Technology has a 52-week low of $1.26 and a 52-week high of $7.02. The company has a 50-day simple moving average of $2.23 and a two-hundred day simple moving average of $2.01.

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.