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

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

Recon Technology Price Performance

Shares of NASDAQ:RCON opened at $1.91 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 10.67 and a quick ratio of 10.64. The stock’s 50-day simple moving average is $2.19 and its two-hundred day simple moving average is $2.49. Recon Technology has a 52-week low of $1.26 and a 52-week high of $3.70.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Recon Technology stock. Belvedere Trading LLC acquired a new stake in shares of Recon Technology, Ltd. (NASDAQ:RCON) during the third quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing. 9.47% of the stock is currently owned by hedge funds and other institutional investors.

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.