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

StockNews.com started coverage on shares of Recon Technology (NASDAQ:RCONGet Free Report) in a research report issued to clients and investors on Friday. The brokerage set a “sell” rating on the oil and gas company’s stock.

Recon Technology Stock Performance

Shares of NASDAQ:RCON opened at $0.11 on Friday. The business has a fifty day moving average price of $0.15 and a two-hundred day moving average price of $0.21. Recon Technology has a 1 year low of $0.09 and a 1 year high of $0.45.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RCON. Renaissance Technologies LLC grew its stake in Recon Technology by 10.7% in the 1st quarter. Renaissance Technologies LLC now owns 689,954 shares of the oil and gas company’s stock valued at $745,000 after purchasing an additional 66,454 shares during the period. Jane Street Group LLC grew its stake in shares of Recon Technology by 161.8% during the 1st quarter. Jane Street Group LLC now owns 43,931 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 27,151 shares during the period. Finally, Sabby Management LLC bought a new position in shares of Recon Technology during the 1st quarter worth $1,353,000. Institutional investors own 9.47% of the company’s stock.

About Recon Technology

(Get Free Report)

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.

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