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

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

Recon Technology Trading Up 1.9 %

Shares of RCON stock opened at $2.12 on Monday. Recon Technology has a 52-week low of $1.26 and a 52-week high of $3.70. The stock’s 50-day moving average price is $2.20 and its 200 day moving average price is $2.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 10.64 and a current ratio of 10.67.

Hedge Funds 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 third quarter, according to its most recent 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 0.21% of Recon Technology as of its most recent SEC filing. 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.