Recon Technology (NASDAQ:RCON) Earns Sell Rating from Analysts at StockNews.com

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

Recon Technology Trading Down 12.2 %

Recon Technology stock opened at $2.02 on Wednesday. The firm’s fifty day moving average price is $2.89 and its 200-day moving average price is $2.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 10.64 and a current ratio of 10.67. Recon Technology has a fifty-two week low of $1.26 and a fifty-two week high of $5.49.

Hedge Funds Weigh In On Recon Technology

An institutional investor recently bought a new position in Recon Technology stock. Belvedere Trading LLC bought a new position in Recon Technology, Ltd. (NASDAQ:RCON) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 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 as of its most recent SEC filing. 9.47% of the stock is owned by hedge funds and other 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.