Stock analysts at StockNews.com started coverage on shares of Recon Technology (NASDAQ:RCON – Get Free Report) in a report issued on Saturday. The firm set a “sell” rating on the oil and gas company’s stock.
Recon Technology Price Performance
NASDAQ RCON opened at $0.09 on Friday. The company’s 50-day simple moving average is $0.14 and its 200 day simple moving average is $0.21. Recon Technology has a twelve month low of $0.07 and a twelve month high of $0.43.
Shares of Recon Technology are scheduled to reverse split on the morning of 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 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.
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