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

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

Recon Technology Stock Up 2.9 %

Shares of RCON stock opened at $2.15 on Tuesday. The stock has a fifty day moving average price of $2.31 and a 200 day moving average price of $2.32. The company has a quick ratio of 10.64, a current ratio of 10.67 and a debt-to-equity ratio of 0.02. Recon Technology has a 1 year low of $1.26 and a 1 year high of $4.33.

Hedge Funds Weigh In On Recon Technology

An institutional investor recently bought a new position in Recon Technology stock. Belvedere Trading LLC acquired a new position in shares of Recon Technology, Ltd. (NASDAQ:RCON) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,807 shares of the oil and gas company’s stock, valued at approximately $48,000. Belvedere Trading LLC owned approximately 0.21% of Recon Technology at the end of the most recent reporting period. Institutional investors and hedge funds 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.