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

StockNews.com started coverage on shares of Recon Technology (NASDAQ:RCONGet Rating) in a report published on Wednesday morning. The brokerage issued a hold rating on the oil and gas company’s stock.

Recon Technology Trading Down 1.1 %

RCON opened at $0.69 on Wednesday. Recon Technology has a fifty-two week low of $0.62 and a fifty-two week high of $3.50. The company’s 50-day moving average price is $0.70 and its 200 day moving average price is $0.85. The company has a current ratio of 8.14, a quick ratio of 8.05 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On Recon Technology

A hedge fund recently raised its stake in Recon Technology stock. Renaissance Technologies LLC increased its stake in Recon Technology, Ltd. (NASDAQ:RCONGet Rating) by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 689,954 shares of the oil and gas company’s stock after acquiring an additional 66,454 shares during the period. Renaissance Technologies LLC owned approximately 2.32% of Recon Technology worth $745,000 at the end of the most recent reporting period. Institutional investors own 21.76% of the company’s stock.

About Recon Technology

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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 hardware related to oilfield production and management, and transportation; and develops and sells industrial automation control and information solutions.

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