StockNews.com Begins Coverage on Recon Technology (NASDAQ:RCON)

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

Recon Technology Trading Down 3.1 %

NASDAQ RCON opened at $1.55 on Friday. Recon Technology has a one year low of $1.26 and a one year high of $3.70. The firm has a 50 day simple moving average of $1.91 and a 200-day simple moving average of $2.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 10.67 and a quick ratio of 10.64.

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.