Analysts at StockNews.com began coverage on shares of Recon Technology (NASDAQ:RCON – Get Rating) in a report issued on Friday. The firm set a “sell” rating on the oil and gas company’s stock.
Recon Technology Stock Performance
Recon Technology stock opened at $0.40 on Friday. Recon Technology has a fifty-two week low of $0.28 and a fifty-two week high of $2.13. The stock has a fifty day moving average of $0.42 and a two-hundred day moving average of $0.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.70 and a quick ratio of 8.61.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its holdings in Recon Technology by 161.8% in the first quarter. Jane Street Group LLC now owns 43,931 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 27,151 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Recon Technology by 10.7% during the first quarter. Renaissance Technologies LLC now owns 689,954 shares of the oil and gas company’s stock worth $745,000 after buying an additional 66,454 shares during the period. Finally, Sabby Management LLC acquired a new stake in Recon Technology in the first quarter worth approximately $1,353,000. Institutional investors and hedge funds own 7.73% of the company’s stock.
About Recon Technology
Recon Technology Ltd. is a provider of oilfield specialized equipment, automation systems, tools, chemicals, and field services to petroleum companies mainly in the PRC. It operates through the following segments: Automation Product and Software, Equipment and Accessories, Oilfield Environmental Protection, and Platform Outsourcing Services.
See Also
- Get a free copy of the StockNews.com research report on Recon Technology (RCON)
- It’s Time To Take Another Bite Of Take-Two Interactive
- Zoetis Declares New Dividend, Hinting At Undervaluation
- Good News For Walmart Isn’t So Great For Everybody Else
- Eagle Materials, Answering America’s Building Supply Needs
- Pharma Giants Novartis, Lilly, Merck, and Novo Outperform Market
Receive News & Ratings for Recon Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Recon Technology and related companies with MarketBeat.com's FREE daily email newsletter.
