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

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

Recon Technology Stock Performance

Shares of RCON opened at $2.24 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 10.67 and a quick ratio of 10.64. Recon Technology has a 1 year low of $1.26 and a 1 year high of $4.23. The company’s 50 day simple moving average is $2.24 and its 200 day simple moving average is $2.38.

Hedge Funds Weigh In On Recon Technology

A hedge fund recently bought a new stake in Recon Technology stock. Belvedere Trading LLC purchased a new stake in Recon Technology, Ltd. (NASDAQ:RCON) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,807 shares of the oil and gas company’s stock, valued at approximately $48,000. Belvedere Trading LLC owned 0.21% of Recon Technology at the end of the most recent reporting period. Institutional investors own 9.47% of the company’s stock.

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.