Recon Technology, Ltd. (NASDAQ:RCON – Free Report)’s stock is scheduled to reverse split before the market opens on Wednesday, May 1st. The 1-18 reverse split was announced on Thursday, April 25th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, April 30th.
Recon Technology Stock Up 11.0 %
Recon Technology stock opened at $0.09 on Friday. The business has a 50 day moving average of $0.14 and a 200-day moving average of $0.21. Recon Technology has a 1 year low of $0.07 and a 1 year high of $0.43.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on shares of Recon Technology in a research report on Friday, April 19th. They issued a “sell” rating for the company.
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.
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